Purchasing Managers Index (PMI), services in Nigeria, December, 2020
For that indicator, we provide data for Nigeria from July 2014 to December 2020. The average value for Nigeria during that period was 52.2 index points with a minimum of 25.3 index points in May 2020 and a maximum of 62.3 index points in December 2018.
Click on the following link to see the values of Purchasing Managers Index (PMI), services
around the world.
* indicates monthly or quarterly data series
Measure: index points
Source: Central Bank of Nigeria
Definition: The services Purchasing Managers Index (PMI) is an indicator of economic health for the services 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 services sector is based on questionnaire responses that cover the following economic variables: business activity, new business, backlogs of work, prices charged, input prices, employment, expectations for activity.
The services 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.