Nigeria services pmi
Nigeria services pmi: 51.1 (-3.04%)
Last Update: August 31, 2023
Last Update: August 31, 2023
Nigeria services pmi closed down 51.1 as of August 31, 2023 from 52.7 from the previous month and 50.4 from last year.
Nigeria services pmi Analytics & Data
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Nigeria services pmi
Date | Values |
---|---|
2023-08-31 | 51.1 |
2023-07-31 | 52.7 |
2023-06-30 | 51.1 |
2023-05-31 | 52.7 |
2023-04-30 | 50.9 |
2023-03-31 | 42.9 |
2023-02-28 | 41.4 |
2023-01-31 | 49.6 |
2022-11-30 | 47.8 |
2022-10-31 | 51.4 |
2022-09-30 | 47.7 |
2022-08-31 | 47.2 |
2022-07-31 | 50.4 |
2022-06-30 | 50.3 |
2022-05-31 | 49.8 |
2022-04-30 | 49.5 |
2022-03-31 | 48.1 |
2022-02-28 | 49 |
2022-01-31 | 49.01 |
2021-12-31 | 48 |
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Nigeria services pmi Statistics
Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
---|---|---|---|---|---|---|---|---|---|
services pmi | ng.servpmi | 51.1 | 52.7 | -3 | 3 | UP | UP | 60 | 2023-06-30 |
Nigeria services pmi Factors
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What is the Nigeria services pmi
Welcome to our webpage showcasing the Nigeria Services PMI! Here, you will find a comprehensive collection of current and historical data, along with various trends and signals, analytics, and interactive charts that shed light on the performance of Nigeria's services sector.But first, what is Nigeria Services PMI and how should it be interpreted?
The Nigeria Services PMI (Purchasing Managers' Index) is a widely recognized economic indicator that provides insights into the current state of the country's services sector. It is compiled by collecting data from a survey of purchasing managers in various service-oriented businesses, including financial services, transportation, healthcare, hospitality, and more. The PMI is based on several key variables, such as new business orders, employment levels, business activity, prices, and overall sentiment.
Interpreting the Nigeria Services PMI is relatively straightforward. The index is presented as a numeric value ranging from 0 to 100. A PMI reading above 50 indicates expansion in the services sector, suggesting economic growth and increased business activity. Conversely, a reading below 50 signals contraction, implying a decline in the sector.
On our webpage, you will find a range of tools and resources to help you analyze and understand the Nigeria Services PMI better. The current data will be displayed prominently, allowing you to see the most recent reading and stay updated on the sector's performance.
Additionally, we provide historical data and charts that allow for a comprehensive analysis of trends over time. These visual representations make it easier to observe patterns and identify any cyclical or seasonal fluctuations in the services sector.
To assist you further in your analysis, we offer various analytics and signals derived from the data. Our team of experts analyzes the PMI's components, identifies trends and shifts, and provides valuable insights to help you make informed decisions.
Moreover, users have the option to export the historical data for free, enabling you to conduct your own in-depth analysis using external tools or software. The ability to export data empowers researchers, analysts, and businesses to delve deeper into the services sector and extract meaningful conclusions for their unique purposes.
Additionally, we offer a premium feature called MacroVar. MacroVar leverages advanced algorithms and machine learning techniques to provide users with reliable signals, trends, and analysis based on extensive historical data. These insights offer a comprehensive perspective on Nigeria's services sector and assist in predicting potential future performance.
We hope our Nigeria Services PMI webpage serves as a valuable resource for your research and analysis needs. Stay informed, uncover trends, and make data-driven decisions with our up-to-date data, charts, analytics, and expert insights.
Nigeria Financial Markets
Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
---|---|---|---|---|---|---|---|---|---|---|
NSE All Share | ALLSHARE | 71230.5 | 1 | 1 | 1.60129 | 74.6549 | 0.0025 | 0.00165 | 0.06098 | 0.61846 |
Nigeria ETF | NGE | 7.75 | -0.5 | -1 | -1.59522 | 38.6064 | 0.0144 | 0.02513 | -0.07468 | 0.053 |
Nigerian Naira US Dollar (NGN/USD) | NGNUSD | 788.33 | 0 | 1 | 1.11221 | 50.9669 | 0.00169 | -0.00211 | 0.02176 | 0.78683 |
Nigeria 10-year bond yield | NG.10Y | 15.433 | 1 | 1 | 2.13446 | 67.3937 | 0.00823 | 0.03251 | 0.04944 | 0.07525 |
Nigeria 2-Year Bond Yield | NG.2Y | 15.147 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nigeria Yield Curve | NG.YC | 0.784 | -1 | -1 | -3.5335 | 29.4427 | -0.73442 | -0.69706 | -0.59017 | -0.72179 |
Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
---|---|---|---|---|---|---|---|---|---|
balance of trade | ng.balanceoftrade | 1741090 | -653831 | -366 | -2746 | UP | UP | 3 | 2023-07-31 |
business confidence | ng.bizconfidence | -15.2 | -1.5 | 913 | -152 | Down | Down | 32 | 2020-12-01 |
capacity utilization | ng.caputilization | 54.9 | 56.4 | -3 | 37 | UP | UP | 0 | 2023-06-30 |
cash reserve ratio | ng.cashreserveratio | 45 | 45 | 0 | 38 | UP | UP | 99 | 2024-02-29 |
composite pmi | ng.comppmi | 51.1 | 52.7 | -3 | 21 | Down | UP | 97 | 2024-03-31 |
consumer confidence | ng.consconfidence | -14.8 | -21.2 | -30 | -1580 | Down | Down | 0 | 2020-12-31 |
consumer price index cpi | ng.cpi | 701.9 | 681.4 | 3 | 33 | UP | UP | 100 | 2024-03-31 |
core inflation rate | ng.coreinflationrate | 25.39 | 24.67 | 3 | 35 | UP | UP | 92 | 2024-02-29 |
current account | ng.currentaccount | 3280 | 2870 | 14 | -200 | UP | UP | 23 | 2023-06-30 |
current account to gdp | ng.currentaccountgdp | -0.3 | -0.5 | -40 | -110 | Down | Down | 0 | 2023-01-31 |
deposit interest rate | ng.depositrate | 7.68 | 7.95 | -3 | 69 | UP | UP | 86 | 2023-06-30 |
exports | ng.exports | 3026630 | 1878040 | 61 | 44 | UP | UP | 72 | 2023-02-28 |
external debt | ng.externaldebt | 41594.5 | 43159.2 | -4 | 30 | UP | UP | 0 | 2023-09-30 |
fiscal expenditure | ng.fiscalexp | 4040.18 | 4175.35 | -3 | 90 | UP | UP | 0 | 2023-09-30 |
foreign exchange reserves | ng.fxreserves | 34260 | 33520 | 2 | -4 | UP | Down | 72 | 2024-03-31 |
gdp | ng.gdp | 472.62 | 440.84 | 7 | 17 | UP | UP | 0 | 2023-01-31 |
Real GDP | ng.realgdp | 21773300 | 19442300 | 12 | 11 | UP | UP | 53 | 2023-12-31 |
gdp growth | ng.gdpgrowth | 12 | 9.7 | 24 | -1600 | UP | UP | 0 | 2023-12-31 |
gdp growth annual | ng.gdpgrowthan | 3.46 | 2.54 | 36 | 3045 | UP | UP | 100 | 2023-12-31 |
gold reserves | ng.goldres | 21.37 | 21.46 | 0 | 0 | Down | Down | 51 | 2021-06-30 |
government budget | ng.govbudget | -6.1 | -5 | 22 | 336 | Down | Down | 0 | 2024-01-31 |
Government budget | ng.govbudgetvalue | -2347.16 | -2665.26 | -12 | 88 | Down | Down | 0 | 2023-09-30 |
government debt to gdp | ng.govdebtgdp | 38.8 | 38 | 2 | 123 | UP | UP | 0 | 2023-01-31 |
government revenues | ng.govrev | 1693.02 | 1510.09 | 12 | 70 | UP | UP | 0 | 2023-09-30 |
imports | ng.imports | 1285540 | 2531870 | -49 | -37 | Down | Down | 3 | 2023-02-28 |
industrial production | ng.indproduction | -9.7 | 15.2 | -164 | 31 | Down | Down | 0 | 2023-06-30 |
interest rate | ng.interestrate | 18.75 | 18.5 | 1 | 34 | UP | UP | 85 | 2023-07-25 |
lending rate | ng.lendingrate | 13.85 | 14.07 | -2 | 14 | UP | UP | 91 | 2023-06-30 |
manufacturing pmi | ng.manpmi | 42.8 | 49.4 | -13 | -16 | Down | Down | 18 | 2023-06-30 |
money supply m0 | ng.msm0 | 3693570 | 3650500 | 1 | 276 | UP | UP | 100 | 2024-02-29 |
money supply m1 | ng.msm1 | 30277200 | 31158900 | -3 | 44 | UP | UP | 90 | 2024-02-29 |
money supply m2 | ng.msm2 | 93968500 | 92843000 | 1 | 78 | UP | UP | 98 | 2024-02-29 |
services pmi | ng.servpmi | 51.1 | 52.7 | -3 | 3 | UP | UP | 60 | 2023-06-30 |
unemployment rate | ng.unemploymentrate | 5 | 4.2 | 19 | -64 | Down | Down | 0 | 2021-06-30 |
youth unemployment rate | ng.ytunemploymentrate | 8.6 | 7.2 | 19 | -66 | Down | Down | 0 | 2021-09-30 |