Nigeria Manufacturing Production  Forecast


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Manufacturing Production in Nigeria is expected to be 1.70 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 5.49 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 Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence -2.6 -8 14.06 17.14 18.57 3.18
Industrial Production -1.1 2.2 1.55 1.12 1.11 3.5
Manufacturing Production 1.4 1.7 4.99 5.3 5.49 3.7
Internet Speed 3854 4205 3457 4010 4229 3616
IP Addresses 209207 202079 202218 199781 198905 186622
Leading Economic Index 45.9 49.67 49.17 49.51 49.44 49.4
Manufacturing Pmi 55 49.3 52.48 51.69 51.16 51.3
Ease of Doing Business 145 169 163 161 159 155
Corruption Index 28 29 27 27 26 28
Corruption Rank 136 138 136 135 135 133
Changes In Inventories 147185 137000 126892 125755 122940 161800
Competitiveness Index 3.3 3.31 3.31 3.31 3.31 3.5
Competitiveness Rank 125 123 126 126 126 126
Composite Pmi 55.8 49.7 53.18 52.82 52.66 53
Capacity Utilization 48.5 53 53.17 54.56 55.75 59
Mni Business Sentiment 54.7 56.8 59.62 59.68 59.71 60
Services Pmi 55.3 48.8 53.63 52.93 52.45 52.75