Stanbic IBTC Bank Nigeria PMI

Composite Pmi in Nigeria decreased to 52.90 in May from 55.50 in April of 2019. Composite Pmi in Nigeria is reported by Markit Economics.

Composite Pmi in Nigeria is expected to be 53.50 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Nigeria to stand at 54.40 in 12 months time. In the long-term, the Stanbic IBTC Bank Nigeria PMI is projected to trend around 54.30 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	57.80	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	[+]

The Stanbic IBTC Bank Nigeria Purchasing Managers’ Index measures the performance of the private sector and is derived from a survey of 400 companies from agriculture, manufacturing, services, construction and retail. The Purchasing Managers’ Index is a composite index based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the private sector activity compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Nigeria Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Stanbic IBTC Bank Nigeria PMI - actual data, historical chart and calendar of releases - was last updated on June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	52.90	55.50	59.10	46.30	2014 - 2019		Monthly

Country	Last		Previous	Range
Australia	53.10	Jun/19	51.5	58.3 : 49.1	Index Points
Brazil	48.40	May/19	50.6	55.5 : 38.3	Index
China	51.50	May/19	52.7	53.7 : 48
Euro Area	52.10	Jun/19	51.8	58.8 : 45.7	Index Points
France	52.90	Jun/19	51.2	60.3 : 41.9	Index Points
Germany	52.60	Jun/19	52.6	59 : 50.2	Index Points
India	51.70	May/19	51.7	55.4 : 46
Italy	49.90	May/19	49.5	59 : 48.8
Japan	50.70	May/19	50.8	54.1 : 46.3
Russia	51.50	May/19	53	58.3 : 44.7
Singapore	52.10	May/19	53.3	56.8 : 49.4
South Africa	49.30	May/19	50.3	52.7 : 46.4
United Kingdom	50.90	May/19	50.9	61.8 : 47.6
United States	50.60	Jun/19	50.9	61 : 50	Index Points