Stanbic IBTC Bank Nigeria PMI  2015-2017 | Data | Chart | Calendar

The Stanbic IBTC Nigeria PMI rose to 54.4 in May of 2017, highest since December 2015, from 53.6 in April. Output and new orders growth accelerated; employment rose the most in ten months and price pressures eased further. Increase in employment levels, output and new orders connected with easing price pressures pointed to stronger economic growth in coming months. Composite Pmi in Nigeria averaged 50.50 from 2015 until 2017, reaching an all time high of 54.50 in December of 2015 and a record low of 46.30 in August of 2016. Composite Pmi in Nigeria is reported by Markit Economics.

Stanbic IBTC Bank Nigeria PMI
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Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -27.70 -29.00 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 52.70 49.50 54.00 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 52.50 51.10 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 54.40 53.60 54.50 46.30 [+]
Capacity Utilization 48.50 48.40 60.50 48.40 percent [+]


Stanbic IBTC Bank Nigeria PMI Notes

The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index measures the performance of the private sector and is derived from a survey of 400 companies from agriculture, manufacturing, services, construction and retail. The Purchasing Managers’ Index is a composite index based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. 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 Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Stanbic IBTC Bank Nigeria PMI - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
54.40 53.60 54.50 46.30 2015 - 2017 Monthly



composite pmi by Country

Last
Brazil 50.40 May/17
China 51.50 May/17
Euro Area 56.80 May/17
France 56.90 May/17
Germany 57.40 May/17
India 52.50 May/17
Italy 55.20 May/17
Japan 53.40 May/17
Russia 56.00 May/17
United Kingdom 54.40 May/17
United States 53.60 May/17