Consumer Confidence in Nigeria decreased to 1.20 Index Points in the second quarter of 2019 from 4.80 Index Points in the first quarter of 2019. Consumer Confidence in Nigeria averaged -8.28 Index Points from 2008 until 2019, reaching an all time high of 9.70 Index Points in the fourth quarter of 2018 and a record low of -29.80 Index Points in the fourth quarter of 2016.

Consumer Confidence in Nigeria is expected to be -6.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Nigeria to stand at 5.00 in 12 months time. In the long-term, the Nigeria Consumer Confidence is projected to trend around 4.00 Index Points in 2020, according to our econometric models.

Nigeria Consumer Confidence
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Nigeria Consumer Last Previous Highest Lowest Unit
Consumer Confidence 1.20 4.80 9.70 -29.80 Index Points [+]
Consumer Spending 10134919.77 9693647.78 12470076.46 7205430.82 NGN Million [+]
Disposable Personal Income 16922082.90 16503258.22 19990333.51 117513.58 NGN Million [+]
Private Sector Credit 24864713.17 24896672.98 24896672.98 440872.30 NGN Million [+]
Gasoline Prices 0.47 0.47 0.73 0.02 USD/Liter [+]


Nigeria Consumer Confidence

In Nigeria, the Consumer Expectations Survey is based on a sample of 1800 households. It provides consumers’ tendencies and expectations for general economic conditions, job opportunities, personal financial standing and market developments. The overall consumer confidence index is computed as an average of three measures: the outlook on macroeconomic conditions, family financial situation and family income. The CES is computed as the percentage share of respondents that answered positively less the percentage share of respondents that answered negatively with regard to the given indicator. This page provides - Nigeria Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 4.80 9.70 -29.80 2008 - 2019 Index Points Quarterly




Country Last Previous
Argentina 44.20 Jul/19
Australia 100.00 Aug/19
Brazil 47.00 Jun/19
Canada 54.51 Jul/19
China 125.90 Jun/19
Euro Area -6.60 Jul/19
France 102.00 Jul/19
Germany 9.70 Aug/19
India 97.00 Sep/19
Indonesia 124.80 Jul/19
Italy 113.40 Jul/19
Japan 37.80 Jul/19
Mexico 104.30 Jul/19
Netherlands 2.00 Jul/19
Russia -15.00 Jun/19
Saudi Arabia 114.00 Jun/19
South Africa 5.00 Jun/19
South Korea 95.90 Jul/19
Spain 97.00 Jul/19
Switzerland -8.00 Sep/19
Turkey 56.50 Jul/19
United Kingdom -11.00 Jul/19
United States 98.40 Jul/19


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