Nigeria: Business confidence survey

* indicates monthly or quarterly data series
 Nigeria

Business confidence survey

 Latest value -15.2
 Reference December 2020
 Measure points
 Data availability February 2018 - December 2020
 Average 15.99
 Min - Max -66.2 - 34.7
 Source Central Bank of Nigeria
For that indicator, we provide data for Nigeria from February 2018 to December 2020. The average value for Nigeria during that period was 15.99 points with a minimum of -66.2 points in May 2020 and a maximum of 34.7 points in June 2018. Click on the following link to see the values of Business confidence survey around the world.
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* indicates monthly or quarterly data series


Recent values chart
Nigeria - Business confidence survey - recent values

Historical chart
Nigeria - Business confidence survey - historical chart - 2018-2020
Measure: points
Source: Central Bank of Nigeria


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Definition: The business survey indicator provides information on the amount of optimism or pessimism that business managers feel about the prospects of their companies, based upon opinion surveys on developments in production, orders and stocks of finished goods and the general economic situation of the company. It can be used to monitor output growth and to anticipate turning points in economic activity.

 Related indicators Latest value Reference Measure
 Industrial production -0.31 Q3/2023 percent
 Business confidence survey -17.00 9/2020 points
 Consumer confidence survey 6.47 Q3/2020 points
 Purchasing Managers Index (PMI), composite 51.10 9/2023 index points
 Purchasing Managers Index (PMI), manufacturing 46.90 9/2020 index points
 Purchasing Managers Index (PMI), services 41.90 9/2020 index points
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