Manufacturing Production in Nigeria decreased 1.90 percent in December of 2019 over the same month in the previous year.
Manufacturing Production in Nigeria averaged 5.41 percent from 2007 until 2019, reaching an all time high of 24.60 percent in the fourth quarter of 2013 and a record low of -7 percent in the first quarter of 2016. This page provides - Nigeria Manufacturing Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Manufacturing Production - values, historical data and charts - was last updated on September of 2020. source: Central Bank of Nigeria
Manufacturing Production in Nigeria is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in Nigeria to stand at 1.30 in 12 months time. In the long-term, the Nigeria Manufacturing Production is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.