Nigeria: Business confidence survey
* indicates monthly or quarterly data series
The most recent value is 0.9 points as of August 2024, an increase compared to the previous value of 0.1 points. Historically, the average for Nigeria from February 2018 to August 2024 is 7.2 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 |
|---|---|
| 2024 Aug | 0.9 |
| 2024 Jul | 0.1 |
| 2024 Jun | 3.1 |
| 2024 May | 8.5 |
| 2024 Apr | 21.9 |
| 2024 Mar | -33.6 |
| 2024 Feb | -60.1 |
| 2024 Jan | -14.3 |
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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 | 0.90 | 8/2024 | points |
| Consumer confidence survey | -18.90 | Q3/2024 | points |
| Purchasing Managers Index (PMI), composite | 49.80 | 9/2024 | index points |
| Purchasing Managers Index (PMI), manufacturing | 48.10 | 9/2024 | index points |
| Purchasing Managers Index (PMI), services | 51.00 | 9/2024 | index points |