Nigeria Manufacturing Production  Forecast


Manufacturing Production in Nigeria is expected to be 1.80 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 0.30 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Business Confidence -1.5 -9 -8 22.09 23.59 3.18
Industrial Production -1.1 1.5 2.2 1.59 1.27 3.5
Manufacturing Production 1.4 1.8 1.7 0.52 0.3 3.7
Mni Business Sentiment 54.7 55.5 56.8 57.67 57.69 60
Services Pmi 54.1 48 48.8 51.27 50.71 52.75
Leading Economic Index 45.9 45.8 45.8 45.8 45.8 45.8
Manufacturing Pmi 53.6 46 49.3 49.95 49.5 51.3
Ease of Doing Business 169 169 169 169 169 155
Corruption Index 28 29 29 27 27 28
Corruption Rank 136 138 138 141 140 133
Changes In Inventories 125617 145000 137000 126858 128678 161800
Competitiveness Index 3.39 3.46 3.46 3.35 3.32 3.5
Competitiveness Rank 127 123 123 128 130 126
Composite Pmi 55 48.8 49.7 61.68 63.88 53
Capacity Utilization 48.5 52 53 47.73 47.96 59