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

The Central Bank of Nigeria Manufacturing PMI increased to 51.1 in April of 2017 from 47.7 in March. The reading pointed to the first expansion in the manufacturing sector after three moths of contraction as production rose significantly, new orders grew after three consecutive months of decline and employment decreased at a slower pace. In contrast, supplier delivery time deteriorated. Manufacturing Pmi in Nigeria averaged 47.71 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 -8.70 -3.60 20.10 -10.10 percent [+]
Manufacturing Production -2.90 -4.40 24.60 -7.00 percent [+]
Mni Business Sentiment 54.70 58.90 69.60 41.60 [+]
Services Pmi 49.50 47.10 54.00 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 51.10 47.70 53.00 41.90 [+]
Ease of Doing Business 169.00 170.00 170.00 120.00 [+]
Corruption Index 28.00 26.00 28.00 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 127.00 124.00 127.00 94.00 [+]
Composite Pmi 53.60 53.00 54.50 46.30 [+]
Capacity Utilization 48.50 48.40 60.50 48.40 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. The PMI is presented as an average of 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; 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
51.10 47.70 53.00 41.90 2014 - 2017 Monthly



manufacturing pmi by Country

Last
Australia 59.20 Apr/17
Brazil 50.10 Apr/17
Canada 55.90 Apr/17
China 50.30 Apr/17
Euro Area 57.00 May/17
France 54.00 May/17
Germany 59.40 May/17
India 52.50 Apr/17
Indonesia 51.20 Apr/17
Italy 56.20 Apr/17
Japan 52.00 May/17
Mexico 50.70 Apr/17
Netherlands 57.80 Apr/17
Russia 50.80 Apr/17
South Korea 49.40 Apr/17
Spain 54.50 Apr/17
Switzerland 57.40 Apr/17
Turkey 51.70 Apr/17
United Kingdom 57.30 Apr/17
United States 52.50 May/17