Manufacturing Pmi in Nigeria is expected to be 56.30 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Nigeria to stand at 56.76 in 12 months time. In the long-term, the Nigeria Manufacturing PMI is projected to trend around 51.30 in 2020, according to our econometric models.


Forecast Data Chart
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Nigeria Business Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 24.8 28 32.87 34.64 34.91 15
Industrial Production -3.3 -0.7 -0.65 1 1.5 3.5
Manufacturing Production 3.4 2.7 -0.09 -0.12 -0.13 3.7
Internet Speed 3854 3856 3856 3856 3856 3856
IP Addresses 209207 177142 183808 174870 181781 174520
Leading Economic Index 45.9 45.8 45.8 45.8 45.8 45.8
Manufacturing Pmi 56.8 56.3 56.96 56.75 56.76 51.3
Ease of Doing Business 146 144 136 136 135 155
Corruption Index 27 27 27 27 27 27
Corruption Rank 148 148 148 148 148 148
Changes In Inventories 159351 141000 142375 144399 142719 161800
Competitiveness Index 47.53 48.03 48.03 48.03 48.03 50.53
Competitiveness Rank 115 115 115 115 115 115
Composite Pmi 54.4 56 54.98 54.96 54.95 53
Capacity Utilization 54.5 54 55.4 56.06 55.48 59
Services Pmi 57 57.3 56.94 56.96 56.96 52.75