Nigeria Manufacturing Production - Forecast

Manufacturing Production in Nigeria is expected to be -0.72 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 2.70 in 12 months time. In the long-term, the Nigeria Manufacturing Production is projected to trend around 3.70 percent in 2020, according to our econometric models.


Nigeria Manufacturing Production
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Nigeria Business Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence 17.7 -1.9 1 2.2 2 3.18
Industrial Production -1.1 1.55 1.12 1.11 3 3.5
Manufacturing Production -2.8 -0.72 0.35 1.25 2.7 3.7
Internet Speed 3854 3457 4010 4229 3522 3616
IP Addresses 209207 202218 199781 198905 197103 186622
Leading Economic Index 45.9 49.17 49.51 49.44 49.33 49.4
Manufacturing Pmi 59.3 56.54 55.39 54.45 50.2 51.3
Ease of Doing Business 145 147 141 136 168 155
Corruption Index 28 26 26 27 29 28
Corruption Rank 136 133 134 135 138 133
Changes In Inventories 147185 126892 125755 122940 141000 161800
Competitiveness Index 3.3 3.31 3.31 3.31 3.41 3.5
Competitiveness Rank 125 126 126 126 123 126
Composite Pmi 56.8 53.71 53.15 52.88 50.5 53
Capacity Utilization 48.5 53.17 54.56 55.75 54 59
Services Pmi 62.1 60.48 58.64 57.25 50.75 52.75
Mni Business Sentiment 54.7 59.62 59.68 59.71 57.2 60