The Central Bank of Nigeria Manufacturing PMI edged down to 57.4 in June 2019 from 57.8 in the previous month. The reading pointed to expansion in the manufacturing sector for the twenty-seventh straight month, but at the softest patch since March, as total new orders growth slowed (55.9 from 56.9 in May). Meanwhile, output (59.3 from 59.1), employment (57.5 from 57.3) and quantity of purchases (52.1 from 51.5) advanced faster. Also, export orders fell slightly less (38 from 37.7). On the price front, both input inflation (62.7 from 62.2) and output charge inflation (52.4 from 52.3) quickened. Manufacturing Pmi in Nigeria averaged 51.90 from 2014 until 2019, reaching an all time high of 61.10 in December of 2018 and a record low of 41.90 in June of 2016.

Manufacturing Pmi in Nigeria is expected to be 57.60 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Nigeria to stand at 58.80 in 12 months time. In the long-term, the Nigeria Manufacturing PMI is projected to trend around 60.00 in 2020, according to our econometric models.

Nigeria Manufacturing PMI
width
height
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


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 [+]


Nigeria Manufacturing PMI

The Composite Manufacturing PMI measures the performance of the manufacturing sector and is derived from a survey of purchasing and supply executives from 13 locations in Nigeria. The survey shows the change, if any, in the current month compared with the previous month. The PMI is presented as an average of variables with the following weights: production level (25 percent), new orders (30 percent), supplier deliveries (15 percent) and employment level and inventories (20 percent). A reading above 50 indicates an expansion; below 50 represents a contraction; while 50 indicates no change. This page provides - Nigeria Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
57.40 57.80 61.10 41.90 2014 - 2019 Monthly




Country Last Previous
Australia 49.43 Jun/19
Brazil 51.00 Jun/19
Canada 49.20 Jun/19
China 49.40 Jun/19
Euro Area 47.60 Jun/19
France 51.90 Jun/19
Germany 45.00 Jun/19
India 52.10 Jun/19
Indonesia 50.60 Jun/19
Italy 48.40 Jun/19
Japan 49.30 Jun/19
Mexico 49.20 Jun/19
Netherlands 50.70 Jun/19
Russia 48.60 Jun/19
Saudi Arabia 57.40 Jun/19
Singapore 49.60 Jun/19
South Africa 46.20 Jun/19
South Korea 47.50 Jun/19
Spain 47.90 Jun/19
Switzerland 47.70 Jun/19
Turkey 47.90 Jun/19
United Kingdom 48.00 Jun/19
United States 50.60 Jun/19


Related

Latest