Nigeria Manufacturing PMI  2014-2018 | Data | Chart | Calendar | Forecast

The Central Bank of Nigeria Manufacturing PMI increased to 57.1 in August of 2018 from 56.8 in the previous month. The reading pointed to the strongest expansion in factory activity since January, as output (59.3 from 59.0 in July); employment (55.5 from 55.0) and new orders (56.9 from 55.8) advanced at a faster pace. Additionally, new export orders rose (39.7 from 39.4), still remaining in contraction territory. Meanwhile, purchasing activity eased (50.1 from 51.1). On the price front, input price inflation (59.3 from 60.7) and output inflation (50.1 from 52.3) slowed. Manufacturing Pmi in Nigeria averaged 50.72 from 2014 until 2018, reaching an all time high of 59.30 in December 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 17.70 -2.60 41.10 -29.00 Index Points [+]
Industrial Production -3.30 -4.20 20.10 -20.40 percent [+]
Manufacturing Production 3.40 0.20 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 57.10 56.80 59.30 41.90 [+]
Ease of Doing Business 145.00 169.00 170.00 120.00 [+]
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 3.30 3.39 3.81 3.30 Points [+]
Competitiveness Rank 125.00 127.00 127.00 94.00 [+]
Composite Pmi 56.10 56.00 59.10 46.30 [+]
Capacity Utilization 54.50 54.00 60.50 48.50 percent [+]
Services Pmi 58.00 57.70 62.10 41.00 [+]
Mni Business Sentiment 54.70 58.90 69.60 41.60 [+]


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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
57.10 56.80 59.30 41.90 2014 - 2018 Monthly




manufacturing pmi by Country
Country Last
Australia 56.70 Aug/18
Brazil 51.10 Aug/18
Canada 56.80 Aug/18
China 50.60 Aug/18
Euro Area 53.30 Sep/18
France 52.50 Sep/18
Germany 53.70 Sep/18
India 51.70 Aug/18
Indonesia 51.90 Aug/18
Italy 50.10 Aug/18
Japan 52.90 Sep/18
Mexico 50.70 Aug/18
Netherlands 59.10 Aug/18
Russia 48.90 Aug/18
Saudi Arabia 55.10 Aug/18
Singapore 52.60 Aug/18
South Africa 43.40 Aug/18
South Korea 49.90 Aug/18
Spain 53.00 Aug/18
Switzerland 64.80 Aug/18
Turkey 46.40 Aug/18
United Kingdom 52.80 Aug/18
United States 55.60 Sep/18


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