Industrial Production in Nigeria decreased 2.90 percent in the third quarter of 2019 over the same quarter in the previous year. Nigeria Industrial Production - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Industrial Production in Nigeria averaged 0.64 percent from 2007 until 2019, reaching an all time high of 20.10 percent in the first quarter of 2011 and a record low of -20.40 percent in the first quarter of 2016. This page provides - Nigeria Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Nigeria
Industrial Production in Nigeria is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Nigeria to stand at -6.00 in 12 months time. In the long-term, the Nigeria Industrial Production is projected to trend around -3.00 percent in 2021 and 2.50 percent in 2022, according to our econometric models.