Nigeria composite PMI

Nigeria’s composite pmi decreased to 53.6 by -1.47% on June 2021 from 54.4 in the previous month. On a year on year basis Nigeria’s composite pmi increased by 15.52%. Nigeria’s composite pmi trend is up since the current value of 53.6 is higher than the 12 month moving average of 52.5167. and the 12 month moving average slope is up. Nigeria’s composite pmi 5-year percentile is currently at 88.33%.

Nigeria composite PMI Chart

stmk81447 var1=1690end
| | |

MacroVar offers Free access to our database of historical data for the largest economies and financial markets including economic indicators, stocks, bonds, commodities, currencies and credit default swaps.
  1. Click the CSV button below to download the last 5 years of historical data.
  2. Download for Free unlimited historical data by Creating your free account
Date Value
31/05/2022 53,90
30/04/2022 55,80
31/03/2022 54,10
28/02/2022 57,30
31/01/2022 53,70
31/12/2021 56,40
30/11/2021 55,00
31/10/2021 54,10
30/09/2021 52,30
31/08/2021 52,20

Copy the following Code to your Website


MacroVar API for Python offers free access to last 5 years of historical data. click the Copy Button below and run code in your computer.
To get full historical data:
  1. create a free account
  2. Use your username and password in the code below.




Get notified instantly when MacroVar new signals are available for Nigeria composite pmi. Create your free account


Nigeria composite PMI

Nigeria Composite PMI Statistics

Click here to explore the methodology used for estimating the Nigeria composite pmi signals presented in the statistics table below.

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
composite pmi ng.comppmi 53.9 55.8 -3.41 -0.92 Down Down 36.67 2022-05-26

Nigeria Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
NSE All Share ALLSHARE 46843.1 -1 0 1.04415 16.6021 0 -0.00258 -0.01052 0.19336
Nigeria ETF NGE 9.43 0 -0.5 -1.38852 45.0034 -0.00737 -0.02077 0.02167 -0.19539
Nigerian Naira US Dollar (NGN/USD) NGNUSD 415.25 0 0.5 0.69888 48.3046 0.00005 -0.00017 -0.00082 0.09118
Nigeria 10-year bond yield NG.10Y 10.9 -0.5 -0.75 -2.06927 43.6823 -0.00009 0.01311 -0.11035 -0.02365
Nigeria 2-Year Bond Yield NG.2Y 7.754 0 0.5 -0.34144 83.1989 0 -0.00206 0.60041 0.22399
Nigeria Yield Curve NG.YC 1.62 0 0.75 0.7439 60.2399 -10.4 -15.4 -69.16 -77.2763

Nigeria Financial News Stream

Nigeria Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade ng.balanceoftrade 971382 42987 2159.71 -174 UP UP 98.33 2022-06-11
business confidence ng.bizconfidence -15.2 -1.5 9.13333 -1.55678 -1.0 -1.0 0.316667 2020-11-01
capacity utilization ng.caputilization 45.4 43.8 0.0365297 -0.0639175 -1.0 -1.0 0 2020-08-01
cash reserve ratio ng.cashreserveratio 27.5 27.5 0 0.222222 1.0 1.0 0.866667 2020-03-31
composite pmi ng.comppmi 53.9 55.8 -3.41 -0.92 Down Down 36.67 2022-05-26
consumer confidence ng.consconfidence -14.8 -21.2 -0.301887 -15.8 -1.0 -1.0 0 2020-06-01
consumer price index cpi ng.cpi 447.2 439.4 1.78 17.72 UP UP 100 2022-06-16
core inflation rate ng.coreinflationrate 14.9 14.18 5.08 17.32 UP UP 100 2022-06-16
current account ng.currentaccount -1750.6 -5264.53 -0.667473 -2.24136 1.0 -1.0 0 2021-01-01
current account to gdp ng.currentaccountgdp -4.2 -3.3 0.272727 -1.29577 -1.0 -1.0 0 2020-01-31
deposit interest rate ng.depositrate 3.05 3.13 -0.0255591 -0.504065 -1.0 -1.0 0.133333 2021-03-31
exports ng.exports 2805450 2095510 33.88 215.99 UP UP 100 2022-06-11
external debt ng.externaldebt 39969.2 38391.3 4.11 56.07 UP UP 0 2022-06-22
fiscal expenditure ng.fiscalexp 2387.46 2541.97 -0.0607836 0.647888 1.0 1.0 0 2020-12-31
foreign exchange reserves ng.fxreserves 38540 39650 -2.8 12.53 UP UP 48.33 2022-05-26
gdp ng.gdp 432.3 448.1 -0.03526 0.282652 1.0 1.0 0 2020-01-31
Real GDP ng.realgdp 17349400 20329100 -14.66 4.71 Down UP 73.33 2022-05-23
gdp growth ng.gdpgrowth -14.66 9.63 -252.23 7.09 Down Down 0 2022-05-23
gdp growth annual ng.gdpgrowthan 3.11 3.98 -21.86 48.1 UP UP 41.67 2022-05-23
gold reserves ng.goldres 21.46 21.37 0.00421151 0.00421151 1.0 1.0 1 2020-08-01
government budget ng.govbudget -3.8 -4.2 -0.0952381 37 -1.0 -1.0 0 2020-01-31
Government budget ng.govbudgetvalue -1483.93 -1544.48 -0.0392041 1.92654 -1.0 -1.0 0 2020-12-31
government debt to gdp ng.govdebtgdp 34.98 29.1 0.202062 3.79178 1.0 1.0 0 2020-01-31
government revenues ng.govrev 903.52 997.49 -0.0942065 -0.0405844 -1.0 -1.0 0 2020-12-31
imports ng.imports 1834070 2052530 -10.64 -16.65 Down Down 75 2022-06-11
industrial production ng.indproduction 1.6 -10.3 -1.15534 -0.835052 1.0 -1.0 0 2020-01-01
interest rate ng.interestrate 11.5 11.5 0 -0.148148 -1.0 -1.0 0.1 2021-05-25
lending rate ng.lendingrate 11.13 11.21 -0.00713649 -0.243372 -1.0 -1.0 0.0666667 2021-03-31
manufacturing pmi ng.manpmi 49 48.8 0.00409836 -0.0410959 1.0 -1.0 0.35 2021-04-30
money supply m0 ng.msm0 3331800 3308550 0.7 19.38 UP UP 100 2022-06-24
money supply m1 ng.msm1 20608100 19850900 3.81 26.6 UP UP 100 2022-06-24
money supply m2 ng.msm2 48556000 46541100 4.33 24.99 UP UP 100 2022-06-24
services pmi ng.servpmi 47.3 47.9 -0.0125261 -0.0386179 1.0 -1.0 0.366667 2021-04-30
unemployment rate ng.unemploymentrate 33.3 27.1 0.228782 1.75207 1.0 1.0 0 2018-11-01
youth unemployment rate ng.ytunemploymentrate 53.4 40.8 0.308824 1.48372 1.0 1.0 0 2020-10-31

Nigeria composite PMI analysis

Nigeria’s composite pmi tracks business activity across both the manufacturing and service sectors. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. Explore MacroVar financial knowledge base structured by professional fund managers and economists.

Nigeria composite pmi trend

Nigeria composite pmi trend is in an uptrend when the last value is higher than its twelve-month moving average and its twelve-month moving average slope is positive (last twelve-month moving average is higher than the previous month twelve-month moving average) and vice-versa. MacroVar calculates the number of months the Nigeria composite pmi has recorded new highs or lows. Nigeria composite pmi trend change is assumed when the specific indicator has recorded a 3-month high / low or more.

Nigeria composite pmi momentum

Nigeria composite pmi momentum is monitored by calculating its long-term year over year (Y/Y) return and its short-term month on month (M/M) return.