Nigeria Manufacturing PMI  2014-2017 | Data | Chart | Calendar | Forecast

The Central Bank of Nigeria Manufacturing PMI rose to 55.3 in September 2017 from 53.6 in the previous month. The reading pointed to the fastest pace of expansion in the manufacturing sector since the series began in July 2014, boosted by stronger growth in production (up 1.4 points to 58.8), new orders (up 1.2 points to 53.5) and employment (up 1.3 points to 52.8). On the price front, input inflation accelerated while output prices rose at softer pace. Manufacturing Pmi in Nigeria averaged 49.01 from 2014 until 2017, reaching an all time high of 55.30 in September of 2017 and a record low of 41.90 in June of 2016.

Nigeria Manufacturing PMI
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Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -1.50 -27.70 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 [+]
Mni Business Sentiment 54.70 58.90 69.60 41.60 [+]
Services Pmi 54.90 54.10 59.60 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 55.30 53.60 55.30 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 125616.91 128647.48 146214.53 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 54.90 55.00 57.80 46.30 [+]
Capacity Utilization 48.50 48.50 60.50 48.50 percent [+]


Nigeria Manufacturing PMI

The Composite Manufacturing PMI measures the performance of the manufacturing sector and is derived from a survey of purchasing and supply executives from 13 locations in Nigeria. The survey shows the change, if any, in the current month compared with the previous month. The PMI is presented as an average of variables with the following weights: production level (25 percent), new orders (30 percent), supplier deliveries (15 percent) and employment level and inventories (20 percent). A reading above 50 indicates an expansion; below 50 represents a contraction; while 50 indicates no change. This page provides - Nigeria Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
55.30 53.60 55.30 41.90 2014 - 2017 Monthly




manufacturing pmi by Country

Last
Australia 54.20 Sep/17
Brazil 50.90 Sep/17
Canada 55.00 Sep/17
China 51.00 Sep/17
Euro Area 58.10 Sep/17
France 56.10 Sep/17
Germany 60.60 Sep/17
India 51.20 Sep/17
Indonesia 50.40 Sep/17
Italy 56.30 Sep/17
Japan 52.90 Sep/17
Mexico 52.80 Sep/17
Netherlands 60.00 Sep/17
Russia 51.90 Sep/17
South Korea 50.60 Sep/17
Spain 54.30 Sep/17
Switzerland 61.70 Sep/17
Turkey 53.50 Sep/17
United Kingdom 55.90 Sep/17
United States 53.10 Sep/17