Nigeria Industrial Production

Industrial Production in Nigeria decreased 10.50 percent in the first quarter of 2019 over the same quarter in the previous year. Industrial Production in Nigeria averaged 0.63 percent from 2007 until 2019, reaching an all time high of 20.10 percent in the first quarter of 2011 and a record low of -20.40 percent in the first quarter of 2016.

Industrial Production in Nigeria is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Nigeria to stand at 2.40 in 12 months time. In the long-term, the Nigeria Industrial Production is projected to trend around -4.00 percent in 2020, according to our econometric models.

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Nigeria Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	29.70	29.20	41.10	-29.00	Index Points	[+]
Industrial Production	-10.50	-10.30	20.10	-20.40	percent	[+]
Manufacturing Production	0.40	0.20	24.60	-7.00	percent	[+]
Internet Speed	3853.93	4129.28	4129.28	348.64	KBps	[+]
IP Addresses	209207.00	194830.00	244394.00	29604.00	IP	[+]
Leading Economic Index	45.90	45.50	53.00	45.50	percent	[+]
Manufacturing Pmi	57.40	57.80	61.10	41.90		[+]
Crude Oil Rigs	14.00	14.00	20.00	3.00		[+]
Ease of Doing Business	146.00	145.00	170.00	120.00		[+]
Corruption Index	27.00	27.00	28.00	6.90	Points	[+]
Corruption Rank	144.00	148.00	152.00	52.00		[+]
Changes In Inventories	178909.34	172276.89	178909.34	32488.05	NGN Million	[+]
Competitiveness Index	47.53	48.04	48.04	3.37	Points	[+]
Competitiveness Rank	115.00	112.00	127.00	94.00		[+]
Composite Pmi	54.80	52.90	59.10	46.30		[+]
Capacity Utilization	55.00	54.60	60.50	48.50	percent	[+]
Services Pmi	58.60	58.90	62.30	41.00		[+]
Mining Production	-25.90	28.00	48.20	-34.10	percent	[+]

In Nigeria, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Nigeria Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Industrial Production - actual data, historical chart and calendar of releases - was last updated on July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-10.50	-10.30	20.10	-20.40	2007 - 2019	percent	Quarterly	1990=100

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Country	Last		Previous	Range
Argentina	-6.90	May/19	-8.7	24.6 : -22.3	%
Australia	1.20	Mar/19	3	12.6 : -7.6	%
Brazil	7.10	May/19	-3.9	37.2 : -27.7	%
Canada	2.14	Apr/19	-0.01	10.26 : -14.52	%
China	6.30	Jun/19	5	29.4 : -21.1	%
Euro Area	-0.50	May/19	-0.4	9.7 : -21.4	%
France	4.00	May/19	1.1	12.1 : -19.5	%
Germany	-3.70	May/19	-2.3	15.3 : -21.8	%
India	3.10	May/19	4.3	19.9 : -7.2	%
Indonesia	7.90	Mar/19	0.6	34.5 : -25.4	%
Italy	-0.70	May/19	-1.5	17.5 : -26	%
Japan	-2.10	May/19	-1.1	30 : -37.2	%
Mexico	-3.35	May/19	-2.84	23.82 : -17.5	%
Netherlands	-0.90	May/19	-1.8	13.9 : -19.2	%
Russia	3.30	Jun/19	0.9	17.7 : -16.9	%
Saudi Arabia	2.34	Sep/18	5.84	25.87 : -24.93	%
Singapore	-2.40	May/19	0.1	58.6 : -32.2	%
South Africa	1.00	May/19	4.3	18.5 : -23.2	%
South Korea	-0.20	May/19	0.2	39.4 : -25.4	%
Spain	1.40	May/19	1.8	13.6 : -21.8	%
Switzerland	4.30	Mar/19	4.3	12.3 : -10.6	%
Turkey	-1.30	May/19	-3.8	27.3 : -21.2	%
United Kingdom	0.90	May/19	-1.1	22.7 : -11.9	%
United States	1.30	Jun/19	2.1	62 : -33.7	%