Nigeria: Purchasing Managers Index (PMI), manufacturing

* indicates monthly or quarterly data series

Purchasing Managers Index (PMI), manufacturing

 Latest value 49.6
 Reference December 2020
 Measure index points
 Data availability January 2017 - December 2020
 Average 54.12
 Min - Max 41.1 - 61.1
 Source Central Bank of Nigeria
For that indicator, we provide data for Nigeria from January 2017 to December 2020. The average value for Nigeria during that period was 54.12 index points with a minimum of 41.1 index points in June 2020 and a maximum of 61.1 index points in December 2018. Click on the following link to see the values of Purchasing Managers Index (PMI), manufacturing around the world.
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* indicates monthly or quarterly data series

Recent values chart
Nigeria - Purchasing Managers Index (PMI), manufacturing - recent values

Historical chart
Nigeria - Purchasing Managers Index (PMI), manufacturing - historical chart - 2017-2020
Measure: index points
Source: Central Bank of Nigeria

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Definition: The manufacturing Purchasing Managers Index (PMI) is an indicator of economic health for the manufacturing sector. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing sector is based on questionnaire responses that cover the following economic variables: output, new orders, new export orders, backlogs of work, output prices, input prices, suppliers’ delivery times, stocks of finished goods, quantity of purchases, stocks of purchases, employment, future output. The manufacturing PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.

 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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