Nigeria: Business confidence survey
* indicates monthly or quarterly data series
The most recent value is 19.7 points as of February 2025, an increase compared to the previous value of 18.9 points. Historically, the average for Nigeria from February 2018 to February 2025 is 7.57 points. The minimum of -66.2 points was recorded in May 2020, while the maximum of 34.7 points was reached in June 2018.
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* indicates monthly or quarterly data series
- Measure: points
- Source: Central Bank of Nigeria
| Recent values | Nigeria: Business confidence survey |
|---|---|
| 2025 Feb | 19.7 |
| 2025 Jan | 18.9 |
| 2024 Dec | 17 |
| 2024 Nov | 3.1 |
| 2024 Oct | 1.4 |
| 2024 Sep | 3.2 |
| 2024 Aug | 0.9 |
| 2024 Jul | 0.1 |
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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 | Reference | Measure |
|---|---|---|---|
| Industrial production | 3.76 | Q4/2023 | percent |
| Business confidence survey | 19.70 | 2/2025 | points |
| Consumer confidence survey | -18.90 | Q3/2024 | points |