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

The Central Bank of Nigeria Manufacturing PMI increased to 55.9 in November 2017 from 55.0 in October. The reading pointed to the eighth consecutive month of expansion in manufacturing and at the highest rate since at least 2014. Faster increases were seen in production (+0.9 to 59.3); new orders (+1.5 to 54.3) and employment (+0.6 to 53.7). On the price front, input inflation went up at a faster pace (up by 1.6 to 62.7), while output prices slowed (by 1.4 to 55.4) Manufacturing Pmi in Nigeria averaged 49.32 from 2014 until 2017, reaching an all time high of 55.90 in November 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 -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 [+]


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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
55.90 55.00 55.90 41.90 2014 - 2017 Monthly




manufacturing pmi by Country
Country Last
Australia 57.30 Nov/17
Brazil 53.50 Nov/17
Canada 54.40 Nov/17
China 50.80 Nov/17
Euro Area 60.60 Dec/17
France 59.30 Dec/17
Germany 63.30 Dec/17
India 52.60 Nov/17
Indonesia 50.40 Nov/17
Italy 58.30 Nov/17
Japan 54.20 Dec/17
Mexico 52.40 Nov/17
Netherlands 62.40 Nov/17
Russia 51.50 Nov/17
South Korea 51.20 Nov/17
Spain 56.10 Nov/17
Switzerland 65.10 Nov/17
Turkey 52.90 Nov/17
United Kingdom 58.20 Nov/17
United States 55.00 Dec/17