Stanbic IBTC Bank Nigeria PMI  2014-2017 | Data | Chart | Calendar

The Stanbic IBTC Bank Nigeria PMI decreased to 55.2 in November of 2017 from 55.8 in the previous month. Despite easing marginally from October's near 3-year high, the figure signalled strong improvement in the private sector, driven by steep rises in output and new orders. In particular, new export orders increased at a record pace. As a result, firms continued to hire more staff for the seventh straight month, but the pace of job creation eased. On the price front, input price inflation accelerated partly due to higher raw material costs and selling prices rose sharply. 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 -2.60 -1.50 41.10 -29.00 [+]
Industrial Production -1.10 -8.70 20.10 -10.10 percent [+]
Manufacturing Production 1.40 -2.60 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 55.90 55.00 55.90 41.90 [+]
Ease of Doing Business 145.00 169.00 170.00 120.00 [+]
Corruption Index 28.00 26.00 28.00 6.90 Points [+]
Corruption Rank 136.00 136.00 152.00 52.00 [+]
Changes In Inventories 147184.60 125616.91 147184.60 32488.05 NGN Million [+]
Competitiveness Index 3.30 3.39 3.81 3.30 Points [+]
Competitiveness Rank 125.00 127.00 127.00 94.00 [+]
Composite Pmi 55.20 55.80 57.80 46.30 [+]
Capacity Utilization 48.50 48.50 60.50 48.50 percent [+]
Mni Business Sentiment 54.70 58.90 69.60 41.60 [+]
Services Pmi 57.60 55.30 59.60 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
55.20 55.80 57.80 46.30 2014 - 2017 Monthly




composite pmi by Country
Country Last
Brazil 48.90 Nov/17
China 51.60 Nov/17
Euro Area 57.50 Nov/17
France 60.30 Nov/17
Germany 57.30 Nov/17
India 50.30 Nov/17
Italy 56.00 Nov/17
Japan 52.20 Nov/17
Russia 56.30 Nov/17
United Kingdom 54.90 Nov/17
United States 54.50 Nov/17