Business Confidence in Nigeria increased to 29.70 Index Points in May from 29.20 Index Points in April of 2019. Business Confidence in Nigeria averaged 13.82 Index Points from 2008 until 2019, reaching an all time high of 41.10 Index Points in June of 2011 and a record low of -29 Index Points in December of 2016.

Business Confidence in Nigeria is expected to be 35.40 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Nigeria to stand at 32.00 in 12 months time. In the long-term, the Nigeria Business Confidence is projected to trend around 33.00 Index Points in 2020, according to our econometric models.

Nigeria Business Confidence
width
height
 Preview
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

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.

API Features Documentation Interested? Click here to contact us

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 57.80 57.70 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 52.90 55.50 59.10 46.30 [+]
Capacity Utilization 55.00 54.60 60.50 48.50 percent [+]
Services Pmi 58.90 58.70 62.30 41.00 [+]
Mining Production -25.90 28.00 48.20 -34.10 percent [+]


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”. This page provides - Nigeria Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Business Confidence - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
29.70 29.20 41.10 -29.00 2008 - 2019 Index Points Monthly




Country Last Previous
Australia 7.00 May/19
Brazil 56.90 Jun/19
Canada 55.90 May/19
China 49.40 May/19
Euro Area 0.30 May/19
France 102.00 Jun/19
Germany 97.40 Jun/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 102.00 May/19
Japan 12.00 Mar/19
Mexico 52.40 May/19
Netherlands 4.70 May/19
Russia -1.00 May/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Jun/19
South Korea 76.00 May/19
Spain -3.30 May/19
Switzerland 94.40 May/19
Turkey 102.50 Jun/19
United Kingdom -13.00 Jun/19
United States 52.10 May/19


Related
Latest