Nigeria capacity utilization
Nigeria capacity utilization: 54.9 (-2.66%)
Last Update: June 30, 2023
Last Update: June 30, 2023
Nigeria capacity utilization closed down 54.9 as of June 30, 2023 from 56.4 from the previous month and 40.1 from last year.
Nigeria capacity utilization Analytics & Data
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Nigeria capacity utilization
| Date | Values |
|---|---|
| 2023-06-30 | 54.9 |
| 2023-03-31 | 56.4 |
| 2022-12-31 | 55.2 |
| 2022-09-30 | 54.6 |
| 2022-06-30 | 51.3 |
| 2022-03-31 | 55.4 |
| 2021-12-31 | 55.1 |
| 2021-09-30 | 55.8 |
| 2021-06-30 | 54.7 |
| 2021-03-31 | 0 |
| 2020-12-31 | 45.4 |
| 2020-09-30 | 43.8 |
| 2020-06-30 | 40.1 |
| 2019-09-30 | 57.7 |
| 2018-12-31 | 55 |
| 2018-09-30 | 54.6 |
| 2018-06-30 | 54.4 |
| 2018-03-31 | 54.8 |
| 2017-12-31 | 54.5 |
| 2017-09-30 | 54 |
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Nigeria capacity utilization Statistics
| Indicator | Symbol | Actual | Previous | M/M% | Y/Y% | Trend | Slope | Percentile | Update |
|---|---|---|---|---|---|---|---|---|---|
| capacity utilization | ng.caputilization | 54.9 | 56.4 | -3 | 37 | UP | UP | 0 | 2023-06-30 |
Nigeria capacity utilization Factors
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What is the Nigeria capacity utilization
Nigeria Capacity Utilization: Current and Historical Data, Trends, and SignalsWelcome to our webpage dedicated to Nigeria's capacity utilization. Here, you will find comprehensive information about the country's current and historical data, trends, and signals related to capacity utilization. Our analytics and charts offer valuable insights into the utilization levels of Nigeria's productive capacities, aiding businesses, economists, and policymakers in understanding and interpreting the country's industrial performance.
What is Nigeria Capacity Utilization?
Capacity utilization measures the extent to which a country's productive capacities, such as factories, manufacturing plants, and infrastructure, are utilized to meet existing market demands. It serves as an essential indicator of an economy's overall performance and efficiency. A high capacity utilization rate suggests that the country is efficiently utilizing its resources to supply goods and services, while a low rate may indicate underutilization or inefficiencies in the production process.
Interpreting Nigeria Capacity Utilization
The interpretation of Nigeria's capacity utilization data requires a comprehensive understanding of the country's economic context. A high capacity utilization rate may imply strong demand for goods and services, indicating a vibrant and growing economy. It could also indicate potential inflationary pressures due to strained resources, as businesses struggle to keep up with demand.
On the other hand, a low capacity utilization rate may signal economic downturn, weakened demand, or the presence of structural issues within the industrial sector. This could result in reduced output, decreased employment opportunities, and potential negative implications for the overall economy.
Our Analytics and Charts
Our user-friendly analytics and charts provide a visual representation of Nigeria's capacity utilization trends over time, enabling you to spot patterns, draw comparisons, and make informed decisions. They allow you to monitor fluctuations in capacity utilization rates and observe the impact of economic policies, seasons, and other external factors on industrial performance.
Export Historical Data for Further Analysis
In addition to providing real-time data, we offer the option to export historical data for free. This feature facilitates more in-depth analysis, allowing researchers, analysts, and corporations to study Nigeria's capacity utilization trends and patterns within their specific contexts. By exporting data, users can conduct extensive research, develop models, and make informed forecasts to guide their decision-making processes.
MacroVar Signals, Trends, and Analysis
As part of our comprehensive service, we offer access to MacroVar signals, trends, and analysis. MacroVar is an advanced analytical tool powered by artificial intelligence that combines vast datasets, economic indicators, and machine learning algorithms to provide in-depth insights. By incorporating MacroVar, users gain access to predictive analysis and advanced modeling to enhance their understanding of Nigeria's capacity utilization dynamics and potential future trends.
Unlock Nigeria's Capacity Utilization Insights
Our webpage enables users to unlock a wealth of data, trends, and insights related to Nigeria's capacity utilization, assisting businesses, economists, researchers, and anyone interested in understanding the country's industrial performance. Stay updated with the latest analytics, export historical data for further analysis, and leverage MacroVar signals to make informed decisions. Browse our webpage now to explore the power of Nigeria's capacity utilization 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 |