Business Confidence in Nigeria decreased to 23.20 Index Points in October from 24.80 Index Points in September of 2018. Business Confidence in Nigeria averaged 11.88 Index Points from 2008 until 2018, reaching an all time high of 41.10 Index Points in June of 2011 and a record low of -29 Index Points in December of 2016.

Business Confidence in Nigeria is expected to be 28.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Nigeria to stand at 25.98 in 12 months time. In the long-term, the Nigeria Business Confidence is projected to trend around 15.00 Index Points in 2020, according to our econometric models.

Nigeria Business Confidence
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Nigeria Business Last Previous Highest Lowest Unit
Business Confidence 23.20 24.80 41.10 -29.00 Index Points [+]
Industrial Production -11.00 -3.30 20.10 -20.40 percent [+]
Manufacturing Production -1.70 1.30 24.60 -7.00 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 57.90 56.80 59.30 41.90 [+]
Ease of Doing Business 146.00 145.00 170.00 120.00 [+]
Corruption Index 27.00 28.00 28.00 6.90 Points [+]
Corruption Rank 148.00 136.00 152.00 52.00 [+]
Changes In Inventories 159351.20 147791.30 165871.80 32488.05 NGN Million [+]
Competitiveness Index 47.53 48.04 48.04 3.37 Points [+]
Competitiveness Rank 115.00 112.00 127.00 94.00 [+]
Composite Pmi 55.50 54.40 59.10 46.30 [+]
Capacity Utilization 54.60 54.40 60.50 48.50 percent [+]
Mining Production -20.70 0.70 48.20 -34.10 percent [+]
Services Pmi 58.40 57.00 62.10 41.00 [+]


Nigeria Business Confidence

In Nigeria, the Business Expectations Survey is based on a sample of 1850 companies and provides advance indication of change in the overall business activity. It is a quarterly survey of nationwide leading firms from the main sectors of the economy: Services, Industrial, Wholesale/Retail Trade and Construction. The overall index is computed as the percentage share of firms that have an “improving outlook” less percentage share of firms that have a “deteriorating outlook”. This page provides - Nigeria Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Business Confidence - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
23.20 24.80 41.10 -29.00 2008 - 2018 Index Points Monthly




Country Last Previous
Australia 4.00 Oct/18
Brazil 63.20 Nov/18
Canada 57.20 Nov/18
China 50.00 Nov/18
Euro Area 1.09 Nov/18
France 105.00 Nov/18
Germany 102.00 Nov/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 104.40 Nov/18
Japan 19.00 Sep/18
Mexico 49.90 Nov/18
Netherlands 7.20 Nov/18
Russia -6.00 Nov/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 31.00 Dec/18
South Korea 73.00 Nov/18
Spain -0.20 Nov/18
Switzerland 99.10 Nov/18
Turkey 92.80 Nov/18
United Kingdom -16.00 Dec/18
United States 59.30 Nov/18


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