Manufacturing Production in Nigeria decreased 10.30 percent in September of 2020 over the same month in the previous year. source: Central Bank of Nigeria
Manufacturing Production in Nigeria averaged 5 percent from 2007 until 2020, reaching an all time high of 24.60 percent in the fourth quarter of 2013 and a record low of -10.30 percent in the third quarter of 2020. 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 May of 2021.
Manufacturing Production in Nigeria is expected to be -1.50 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 -1.80 in 12 months time. In the long-term, the Nigeria Manufacturing Production is projected to trend around 1.60 percent in 2022 and 2.20 percent in 2023, according to our econometric models.