Manufacturing Production in Nigeria decreased 10.30 percent in September of 2020 over the same month in the previous year. source: Central Bank of Nigeria

Manufacturing Production in Nigeria averaged 5 percent from 2007 until 2020, reaching an all time high of 24.60 percent in the fourth quarter of 2013 and a record low of -10.30 percent in the third quarter of 2020. This page provides - Nigeria Manufacturing Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Manufacturing Production - values, historical data and charts - was last updated on April of 2021.

Manufacturing Production in Nigeria is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in Nigeria to stand at -1.80 in 12 months time. In the long-term, the Nigeria Manufacturing Production is projected to trend around 1.60 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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Nigeria Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -10.30 24.60 -10.30 2007 - 2020 percent Quarterly
NSA, 2010=100

Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -15.20 -1.50 41.10 -66.20 points [+]
Industrial Production 1.60 -10.30 25.10 -20.40 percent [+]
Manufacturing Production -1.30 -10.30 24.60 -10.30 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Changes In Inventories 133483.38 72265.70 178909.34 32488.05 NGN Million [+]
Competitiveness Index 48.33 47.53 48.33 3.37 Points [+]
Competitiveness Rank 116.00 115.00 127.00 94.00 [+]
Composite PMI 52.90 52.00 59.10 37.10 points [+]
Capacity Utilization 45.40 43.80 60.50 40.10 percent [+]
Corruption Index 25.00 26.00 28.00 6.90 Points [+]
Corruption Rank 149.00 146.00 152.00 52.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Crude Oil Rigs 6.00 7.00 23.00 3.00 [+]
Services PMI 45.70 47.60 62.30 25.30 points [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing PMI 49.60 50.20 61.10 41.10 points [+]
Mining Production 9.20 -17.30 48.20 -34.10 percent [+]