The Stanbic IBTC Bank Nigeria PMI fell to 53.6 in June of 2021, moderating from May's nine-month peak of 54.4. Output, purchasing activity and employment growth softened during the month. This was despite a sharp and accelerated rise in new orders, amid greater client demand. On the price front, overall input price inflation was strong, but eased to the softest since December 2020 despite a sharper rise in purchase costs. Finally, firms remained optimistic about their output prospects over the year ahead, but the degree of positivity was far below the series average. source: Markit Economics
Composite PMI in Nigeria averaged 53.17 points from 2014 until 2021, reaching an all time high of 59.10 points in May of 2018 and a record low of 37.10 points in April of 2020. This page provides - Nigeria Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Stanbic IBTC Bank Nigeria PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Composite PMI in Nigeria is expected to be 53.00 points 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 52.50 in 12 months time. In the long-term, the Stanbic IBTC Bank Nigeria PMI is projected to trend around 53.00 points in 2022 and 54.00 points in 2023, according to our econometric models.