Mni Business Sentiment in Nigeria decreased to 54.70 in January from 58.90 in December of 2016. Mni Business Sentiment in Nigeria averaged 59.88 from 2014 until 2017, reaching an all time high of 69.60 in December of 2014 and a record low of 41.60 in September of 2016. source: MNI Deutsche Börse Group
The Standard Chartered MNI Nigeria Business Sentiment Survey is a monthly poll of business executives in Nigeria, including companies listed on the Nigerian Stock Exchange. Companies are a mix of manufacturing, agriculture, construction and service sector companies. The survey provides the first snapshot of economic and business conditions, ahead of official data in Nigeria. Respondents are asked whether business activity has increased, decreased, or remained the same, compared with the previous month. They are also asked about their expectations over the next quarter. A diffusion indicator is then calculated by adding the percentage share of positive responses to half the percentage of those respondents reporting no change. An indicator reading above 50 shows expansion, below 50 indicates contraction and a result of 50 means no change. Series which show a seasonal pattern are seasonally adjusted.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
54.70 |
58.90 |
69.60 |
41.60 |
2014 - 2017 |
|
Monthly |
|