Industrial Production in Nigeria decreased 2.90 percent in the third quarter of 2019 over the same quarter in the previous year. Industrial Production in Nigeria averaged 0.64 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. source: Central Bank of Nigeria

Industrial Production in Nigeria is expected to be -4.80 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 -3.00 in 12 months time. In the long-term, the Nigeria Industrial Production is projected to trend around -4.60 percent in 2020, according to our econometric models.


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Nigeria Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-2.90 4.70 20.10 -20.40 2007 - 2019 percent Quarterly
2010=100


Nigeria Industrial Production
In Nigeria, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Nigeria Business Last Previous Highest Lowest Unit
Business Confidence 30.30 29.00 41.10 -29.00 points [+]
Industrial Production -2.90 4.70 20.10 -20.40 percent [+]
Manufacturing Production 2.00 4.70 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 60.80 59.30 61.10 41.90 points [+]
Crude Oil Rigs 17.00 20.00 20.00 3.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Corruption Index 27.00 27.00 28.00 6.90 Points [+]
Corruption Rank 144.00 148.00 152.00 52.00 [+]
Changes In Inventories 156043.05 146816.73 178909.34 32488.05 NGN Million [+]
Competitiveness Index 48.33 47.53 48.33 3.37 Points [+]
Competitiveness Rank 116.00 115.00 127.00 94.00 [+]
Composite Pmi 56.80 57.70 59.10 46.30 points [+]
Capacity Utilization 55.00 54.60 60.50 48.50 percent [+]
Services Pmi 62.10 60.10 62.30 41.00 points [+]
Mining Production 5.70 5.70 48.20 -34.10 percent [+]