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

The Central Bank of Nigeria Manufacturing PMI slipped to 53.6 in August of 2017 from 54.1 in the previous month. The reading pointed to the fifth consecutive expansion in the manufacturing sector but lower than record-high growth seen in July. New orders, production and employment level rose at a slower pace. Also, supplier delivery time increased for the third consecutive month and inventories went up faster and for the fifth straight month. On the price front, input inflation strengthened while output prices eased. Manufacturing Pmi in Nigeria averaged 48.39 from 2014 until 2017, reaching an all time high of 54.10 in July 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 -2.90 24.60 -7.00 percent [+]
Mni Business Sentiment 54.70 58.90 69.60 41.60 [+]
Services Pmi 54.10 54.40 54.40 41.00 [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 53.60 54.10 54.10 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 125617.00 127424.00 146214.53 32488.05 NGN Million [+]
Competitiveness Index 3.39 3.46 3.81 3.37 Points [+]
Competitiveness Rank 127.00 124.00 127.00 94.00 [+]
Composite Pmi 55.00 54.80 55.00 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
53.60 54.10 54.10 41.90 2014 - 2017 Monthly




manufacturing pmi by Country

Last
Australia 59.80 Aug/17
Brazil 50.90 Aug/17
Canada 54.60 Aug/17
China 51.60 Aug/17
Euro Area 58.20 Sep/17
France 56.00 Sep/17
Germany 60.60 Sep/17
India 51.20 Aug/17
Indonesia 50.70 Aug/17
Italy 56.30 Aug/17
Japan 52.20 Aug/17
Mexico 52.20 Aug/17
Netherlands 59.70 Aug/17
Russia 51.60 Aug/17
South Korea 49.90 Aug/17
Spain 52.40 Aug/17
Switzerland 61.20 Aug/17
Turkey 55.30 Aug/17
United Kingdom 56.90 Aug/17
United States 53.00 Sep/17