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

The Central Bank of Nigeria Manufacturing PMI decreased to 44.6 in February of 2017 from 58.2 in the previous month. It was the lowest reading since October of 2016 as new orders (44 from 47.9 in January), raw materials/WIP inventories (44.8 from 46.3), supplier delivery time (44 from 47.9) and employment (41.7 from 45.3) fell further. In addition, production levels came back to contraction (45.2 from 51.3). Manufacturing Pmi in Nigeria averaged 47.59 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 44.50 49.40 54.00 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 44.60 48.20 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 124.00 127.00 127.00 94.00 [+]
Composite Pmi 52.20 51.90 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
44.60 48.20 53.00 41.90 2014 - 2017 Monthly



Last
Australia 59.30 Feb/17
Austria 57.20 Feb/17
Brazil 46.90 Feb/17
Canada 54.70 Feb/17
China 51.70 Feb/17
Czech Republic 57.60 Feb/17
Denmark 57.32 Feb/17
Egypt 46.70 Feb/17
Euro Area 56.20 Mar/17
France 53.40 Mar/17
Germany 58.30 Mar/17
Greece 47.70 Feb/17
Hong Kong 49.60 Feb/17
Hungary 59.50 Feb/17
India 50.70 Feb/17
Indonesia 49.30 Feb/17
Ireland 53.80 Feb/17
Israel 61.20 Feb/17
Italy 55.00 Feb/17
Japan 52.60 Mar/17
Kenya 50.10 Feb/17
Lebanon 47.70 Feb/17
Malaysia 49.40 Feb/17
Mexico 50.60 Feb/17
Myanmar 51.90 Feb/17
Netherlands 58.30 Feb/17
New Zealand 55.20 Feb/17
Nigeria 44.60 Feb/17
Norway 52.60 Feb/17
Philippines 53.60 Feb/17
Poland 54.20 Feb/17
Puerto Rico 46.10 Dec/16
Russia 52.50 Feb/17
Saudi Arabia 57.00 Feb/17
Singapore 50.90 Feb/17
South Africa 52.50 Feb/17
South Korea 49.20 Feb/17
Spain 54.80 Feb/17
Sri Lanka 57.10 Feb/17
Sweden 60.90 Feb/17
Switzerland 57.80 Feb/17
Taiwan 54.50 Feb/17
Thailand 50.60 Feb/17
Turkey 49.70 Feb/17
United Arab Emirates 56.00 Feb/17
United Kingdom 54.60 Feb/17
United States 54.20 Feb/17
Vietnam 54.20 Feb/17
World 50.90 Jan/16