Nigeria Manufacturing PMI  2014-2017 | Data | Chart | Calendar | Forecast

The Central Bank of Nigeria Manufacturing PMI decreased to 48.2 in January of 2017 from 52 in the previous month. New orders (47.9 from 51.8 in December of 2016), raw materials/WIP inventories (46.3 from 51.6) and supplier delivery time (47.9 from 51.8) came back to contraction. In addition, employment fell at a faster pace (45.3 from 48.6) and production levels (51.3 from 57.6) slowed. Manufacturing Pmi in Nigeria averaged 47.70 from 2014 until 2017, reaching an all time high of 53 in February of 2015 and a record low of 41.90 in June of 2016.

Nigeria Manufacturing PMI
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Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -29.00 -24.10 41.10 -29.00 [+]
Industrial Production 0.10 -10.10 20.10 -10.10 percent [+]
Manufacturing Production -3.30 -7.00 24.60 -7.00 percent [+]
Mni Business Sentiment 58.90 60.90 69.60 41.60 [+]
Services Pmi 49.40 47.10 54.00 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 48.20 52.00 53.00 41.90 [+]
Ease of Doing Business 169.00 170.00 170.00 120.00 [+]
Corruption Index 26.00 27.00 27.00 6.90 Points [+]
Corruption Rank 136.00 136.00 152.00 52.00 [+]
Changes In Inventories 127424.00 110385.00 146214.53 32488.05 NGN Million [+]
Competitiveness Index 3.39 3.46 3.81 3.37 Points [+]
Competitiveness Rank 124.00 127.00 127.00 94.00 [+]
Composite Pmi 51.90 48.10 54.50 46.30 [+]
Capacity Utilization 50.70 53.70 60.50 50.70 percent [+]



Nigeria Manufacturing PMI Notes

The Composite Manufacturing PMI measures the performance of the manufacturing sector and is derived from a survey of purchasing and supply executives from 13 locations in Nigeria. The survey shows the change, if any, in the current month compared with the previous month in terms of production level, new orders, supplier delivery time, employment level and raw materials inventory. The Composite PMI is presented as an average of those variables with the following weights: production level (25 percent), new orders (30 percent), supplier deliveries (15 percent) and employment level and inventories (20 percent). A reading above 50 indicates an expansion of the private sector activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Nigeria Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
48.20 52.00 53.00 41.90 2014 - 2017 Monthly



Last
Australia 51.20 Jan/17
Austria 57.30 Jan/17
Brazil 44.00 Jan/17
Canada 53.50 Jan/17
China 51.00 Jan/17
Czech Republic 55.70 Jan/17
Denmark 59.90 Jan/17
Egypt 43.30 Jan/17
Euro Area 55.50 Feb/17
France 52.30 Feb/17
Germany 57.00 Feb/17
Greece 46.60 Jan/17
Hong Kong 49.90 Jan/17
Hungary 56.50 Jan/17
India 50.40 Jan/17
Indonesia 50.40 Jan/17
Ireland 55.50 Jan/17
Israel 62.60 Jan/17
Italy 53.00 Jan/17
Japan 53.50 Feb/17
Kenya 52.00 Jan/17
Lebanon 47.70 Jan/17
Malaysia 48.60 Jan/17
Mexico 50.80 Jan/17
Myanmar 51.70 Jan/17
Netherlands 56.50 Jan/17
New Zealand 51.60 Jan/17
Nigeria 48.20 Jan/17
Norway 51.40 Jan/17
Philippines 52.70 Jan/17
Poland 54.80 Jan/17
Puerto Rico 46.10 Dec/16
Russia 54.70 Jan/17
Saudi Arabia 56.70 Jan/17
Singapore 51.00 Jan/17
South Africa 50.90 Jan/17
South Korea 49.00 Jan/17
Spain 55.60 Jan/17
Sri Lanka 56.20 Jan/17
Sweden 62.00 Jan/17
Switzerland 54.60 Jan/17
Taiwan 55.60 Jan/17
Thailand 50.60 Jan/17
Turkey 48.70 Jan/17
United Arab Emirates 55.30 Jan/17
United Kingdom 55.90 Jan/17
United States 54.30 Feb/17
Vietnam 51.90 Jan/17
World 50.90 Jan/16