The Stanbic IBTC Bank Nigeria PMI increased to 55.5 in November 2018 from 54.4 in the previous month. The figure pointed to an expansion in the private sector, as output and new orders rose at a faster pace. Also, the rate of job creation advanced, as rising new orders led companies to take on extra staff for the nineteenth consecutive month. Additionally, purchasing activity increased sharply suppliers’ delivery times improved for more than a year.On the price front, input price inflation increased to the slowest pace in 45 months. Composite Pmi in Nigeria is reported by Markit Economics.

Composite Pmi in Nigeria is expected to be 56.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Nigeria to stand at 54.95 in 12 months time. In the long-term, the Stanbic IBTC Bank Nigeria PMI is projected to trend around 53.00 in 2020, according to our econometric models.

Stanbic IBTC Bank Nigeria PMI
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Nigeria Business Last Previous Highest Lowest Unit
Business Confidence 25.90 23.20 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 [+]


Stanbic IBTC Bank Nigeria PMI

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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
55.50 54.40 59.10 46.30 2014 - 2018 Monthly




Country Last Previous
Australia 52.90 Nov/18
Brazil 51.60 Nov/18
China 51.90 Nov/18
Euro Area 51.30 Dec/18
France 49.30 Dec/18
Germany 52.20 Dec/18
India 54.50 Nov/18
Italy 49.30 Nov/18
Japan 52.40 Nov/18
Russia 55.00 Nov/18
Singapore 53.80 Nov/18
South Africa 48.20 Nov/18
United Kingdom 50.70 Nov/18
United States 53.60 Dec/18


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