Industrial Production in Nigeria decreased 11 percent in the third quarter of 2018 over the same quarter in the previous year. Industrial Production in Nigeria averaged 0.69 percent from 2007 until 2018, reaching an all time high of 20.10 percent in the first quarter of 2011 and a record low of -20.40 percent in the first quarter of 2016.

Industrial Production in Nigeria is expected to be -0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Nigeria to stand at 1.50 in 12 months time. In the long-term, the Nigeria Industrial Production is projected to trend around 3.50 percent in 2020, according to our econometric models.

Nigeria Industrial Production
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Forecast Data Chart
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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 Industrial Production

In Nigeria, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Nigeria Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Industrial Production - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-11.00 -3.30 20.10 -20.40 2007 - 2018 percent Quarterly
1990=100




Country Last Previous
Argentina -6.80 Oct/18
Australia 2.80 Sep/18
Brazil 1.10 Oct/18
Canada 2.76 Aug/18
China 5.90 Oct/18
Euro Area 0.90 Sep/18
France -0.70 Oct/18
Germany 1.60 Oct/18
India 4.50 Sep/18
Indonesia 1.50 Sep/18
Italy 1.00 Oct/18
Japan 4.20 Oct/18
Mexico 1.80 Sep/18
Netherlands 0.80 Oct/18
Russia 3.70 Oct/18
Saudi Arabia 5.84 Jun/18
Singapore 4.30 Oct/18
South Africa 0.10 Sep/18
South Korea 10.70 Oct/18
Spain 0.80 Oct/18
Switzerland 1.40 Sep/18
Turkey -2.70 Sep/18
United Kingdom -0.80 Oct/18
United States 4.10 Oct/18


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