Nigeria Manufacturing Production - Forecast

Manufacturing Production in Nigeria is expected to be 0.09 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 -0.12 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.


Forecast Data Chart
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Nigeria Business Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 17.7 32 28 20.94 16.8 15
Industrial Production -3.3 -0.91 -0.7 -0.65 1 3.5
Manufacturing Production 3.4 0.09 2.7 -0.09 -0.12 3.7
Internet Speed 3854 3856 3856 3856 3856 3856
IP Addresses 209207 185719 177142 183808 174870 174520
Leading Economic Index 45.9 45.8 45.8 45.8 45.8 45.8
Manufacturing Pmi 57.1 56.9 56.3 57.05 57.03 51.3
Ease of Doing Business 145 144 144 135 134 155
Corruption Index 27 27 29 26 26 28
Corruption Rank 148 146 138 148 148 133
Changes In Inventories 159351 141636 141000 142375 144399 161800
Competitiveness Index 3.3 3.32 3.32 3.29 3.28 3.5
Competitiveness Rank 125 129 123 123 121 126
Composite Pmi 56.1 56.24 56 56.37 56.36 53
Capacity Utilization 54.5 55.23 54 55.4 56.06 59
Services Pmi 58 57.9 57.3 57.9 57.9 52.75
Mni Business Sentiment 54.7 57.7 57.2 57.7 57.71 60