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

The Central Bank of Nigeria Manufacturing PMI increased to 52 in December of 2016 from 46 in November. The reading pointed to the first expansion in factory activity in 12 months and the highest since April of 2015, mainly supported by production (57.6 from 46.9 in November), new orders (57.6 from 46.9) and raw materials/WIP inventories (51.6 from 46.1). In contrast, supplier delivery time fell (47.9 from 53.2) and employment contracted although at a slower pace (48.6 from 40.6). Manufacturing Pmi in Nigeria averaged 47.68 from 2014 until 2016, 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 [+]
Services Pmi 47.10 42.80 54.00 41.00 [+]
Mni Business Sentiment 58.90 60.90 69.60 41.60 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 52.00 46.00 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 48.10 47.70 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
52.00 46.00 53.00 41.90 2014 - 2016 Monthly



Last
Australia 55.40 Dec/16
Austria 56.30 Dec/16
Brazil 45.20 Dec/16
Canada 51.80 Dec/16
China 51.90 Dec/16
Czech Republic 53.80 Dec/16
Denmark 64.29 Dec/16
Egypt 42.80 Dec/16
Euro Area 54.90 Dec/16
France 53.50 Dec/16
Germany 55.60 Dec/16
Greece 49.30 Dec/16
Hong Kong 50.30 Dec/16
Hungary 52.25 Dec/16
India 49.60 Dec/16
Indonesia 49.00 Dec/16
Ireland 55.70 Dec/16
Israel 67.20 Dec/16
Italy 53.20 Dec/16
Japan 52.40 Dec/16
Kenya 54.10 Dec/16
Lebanon 47.00 Dec/16
Malaysia 47.10 Dec/16
Mexico 50.20 Dec/16
Myanmar 49.40 Dec/16
Netherlands 57.30 Dec/16
New Zealand 54.49 Dec/16
Nigeria 52.00 Dec/16
Norway 51.40 Dec/16
Philippines 55.70 Dec/16
Poland 54.30 Dec/16
Puerto Rico 49.10 Nov/16
Russia 53.70 Dec/16
Saudi Arabia 55.50 Dec/16
Singapore 50.60 Dec/16
South Africa 46.70 Dec/16
South Korea 49.40 Dec/16
Spain 55.30 Dec/16
Sri Lanka 58.30 Dec/16
Sweden 60.10 Dec/16
Switzerland 56.00 Dec/16
Taiwan 56.20 Dec/16
Thailand 50.60 Dec/16
Turkey 47.70 Dec/16
United Arab Emirates 55.00 Dec/16
United Kingdom 56.10 Dec/16
United States 54.30 Dec/16
Vietnam 52.40 Dec/16
World 50.90 Jan/16