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

The Central Bank of Nigeria Manufacturing PMI increased to 56.9 in April of 2018 from 56.7 in the previous month. The figure pointed to the thirteenth consecutive month of expansion. Stronger growth was seen in employment (55.0 from 53.3 in March); supplier delivery times (57.4 from 56.6) and inventories (59.5 from 59.4). In contrast, growth slowed for production (58.6 from 59.1) and new orders (55.8 from 56.1). On the price front, input inflation rose (62.4 from 61.1) while output prices eased (51.3 from 52.1). Manufacturing Pmi in Nigeria averaged 50.19 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 0.70 -2.80 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 56.90 56.70 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 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 58.10 58.80 58.80 46.30 [+]
Capacity Utilization 54.50 54.00 60.50 48.50 percent [+]
Services Pmi 57.50 57.20 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
56.90 56.70 59.30 41.90 2014 - 2018 Monthly




manufacturing pmi by Country
Country Last
Australia 58.30 Apr/18
Brazil 52.30 Apr/18
Canada 55.50 Apr/18
China 51.10 Apr/18
Euro Area 55.50 May/18
France 55.10 May/18
Germany 56.80 May/18
India 51.60 Apr/18
Indonesia 51.60 Apr/18
Italy 53.50 Apr/18
Japan 52.50 May/18
Mexico 51.60 Apr/18
Netherlands 60.70 Apr/18
Russia 51.30 Apr/18
South Korea 48.40 Apr/18
Spain 54.40 Apr/18
Switzerland 63.60 Apr/18
Turkey 48.90 Apr/18
United Kingdom 53.90 Apr/18
United States 56.60 May/18


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