Nigeria Business ConfidenceJuly 2022 Data - 2008-2021 Historical - August Forecast

Name: Nigeria Business Confidence
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Nigeria,Business Confidence,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Business Confidence in Nigeria decreased to -15.20 points in December from -1.50 points in November of 2020. source: Central Bank of Nigeria

Business Confidence in Nigeria averaged 12.38 points from 2008 until 2020, reaching an all time high of 41.10 points in June of 2011 and a record low of -66.20 points in May of 2020. This page provides - Nigeria Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Business Confidence - values, historical data and charts - was last updated on August of 2022.

Business Confidence in Nigeria is expected to be -15.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Business Confidence is projected to trend around 2.00 points in 2023 and 4.00 points in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Business Confidence	-15.20	-1.50	points	Dec 2020
Industrial Production	-2.60	-2.20	percent	Sep 2021
Manufacturing Production	4.30	3.50	percent	Sep 2021
Manufacturing PMI	50.10	51.40	points	Feb 2022
Services PMI	49.00	49.01	points	Feb 2022
Mining Production	-10.60	-12.30	percent	Sep 2021
Capacity Utilization	55.80	54.70	percent	Sep 2021
Leading Economic Index	45.90	45.50	percent	Mar 2016

Nigeria Business Confidence

In Nigeria, the Business Expectations Survey is based on a sample of 1850 companies and provides advance indication of change in the overall business activity. It is a quarterly survey of nationwide leading firms from the main sectors of the economy: Services, Industrial, Wholesale/Retail Trade and Construction. The overall index is computed as the percentage share of firms that have an “improving outlook” less percentage share of firms that have a “deteriorating outlook”.