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

The Central Bank of Nigeria Non-Manufacturing PMI fell sharply to 44.5 in February of 2017 from 49.4 in the previous month. The reading pointed to the fourteenth consecutive month of contraction in the non-manufacturing sector. Business activity (45.4 from 50.6 in January) and raw materials (44.9 from 52) came back into contraction and employment (42.6 from 45.6) and new orders (44.9 from 49.4) declined further. Services Pmi in Nigeria averaged 47.81 from 2014 until 2017, reaching an all time high of 54 in February of 2015 and a record low of 41 in September of 2016.

Nigeria Non 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 Non Manufacturing PMI Notes

The Composite Non-Manufacturing PMI measures the performance of the non 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 and is presented as an average of: production level (25 percent of weight), 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 Services Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Non Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
44.50 49.40 54.00 41.00 2014 - 2017 Monthly



Last
Australia 49.00 Feb/17
Brazil 46.40 Feb/17
China 52.60 Feb/17
Euro Area 56.50 Mar/17
France 58.50 Mar/17
Germany 55.60 Mar/17
India 50.30 Feb/17
Ireland 60.60 Feb/17
Italy 54.10 Feb/17
Japan 51.30 Feb/17
New Zealand 58.80 Feb/17
Nigeria 44.50 Feb/17
Russia 55.50 Feb/17
Spain 57.00 Feb/17
Sri Lanka 57.30 Feb/17
Sweden 59.80 Feb/17
United Kingdom 53.30 Feb/17
United States 52.90 Mar/17
World 52.80 Jan/16