Nigeria manufacturing PMI

Nigeria manufacturing pmi: 47.4 (-0.84%)
Last Update: November 30, 2022

Nigeria manufacturing pmi closed down 47.4 as of November 30, 2022 from 47.8 from the previous month and 50.8 from last year.


Nigeria manufacturing PMI Data & Analytics

Nigeria manufacturing pmi

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Nigeria manufacturing pmi

Date Values
2022-11-30 47.4
2022-10-31 47.8
2022-09-30 46.5
2022-08-31 52.3
2022-07-31 53.2
2022-06-30 50.9
2022-05-31 50.1
2022-04-30 48.9
2022-03-31 49.1
2022-02-28 53.2
2022-01-31 51.4
2021-12-31 52
2021-11-30 50.8
2021-10-31 47.3
2021-09-30 46.6
2021-08-31 46.9
2021-07-31 46.6
2021-06-30 45.5
2021-04-30 49
2021-03-31 48.8
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Nigeria Manufacturing PMI Statistics

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

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
manufacturing pmi ng.manpmi 47.4 47.8 -0.84 -2.87 Down Down 18.33 2023-01-25

Nigeria Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
NSE All Share ALLSHARE 48988 100 100 0 84.51 0.19 1.17 2.8 9.83
Nigeria ETF NGE 7.78 50 -25 0 53.62 0.97 1.43 1.7 -22.7
Nigerian Naira US Dollar (NGN/USD) NGNUSD 450.5 100 100 200 98.95 1.39 1.59 2.11 9.62
Nigeria 10-year bond yield NG.10Y 14.592 0 75 0 65.64 0 0.48 -0.91 18.75
Nigeria 2-Year Bond Yield NG.2Y 15.147 0 0 0 0 0 0 0 0
Nigeria Yield Curve NG.YC -0.347 0 0 0 0 0 0 0 0

Nigeria Financial News Stream

Nigeria Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade ng.balanceoftrade 1117350 -14623.5 -7740.78 -1141.19 UP UP 100 2023-03-11
business confidence ng.bizconfidence -15.2 -1.5 913 -152 -100.0 -100.0 32 2020-12-01
capacity utilization ng.caputilization 51.3 55.4 -7.4 -5.7 100.0 -100.0 0 2022-06-30
cash reserve ratio ng.cashreserveratio 32.5 27.5 18 18 100.0 100.0 80 2021-12-31
composite pmi ng.comppmi 44.7 53.5 -16.45 -21.99 Down Down 5 2023-03-04
consumer confidence ng.consconfidence -14.8 -21.2 -30 -1580 -100.0 -100.0 0 2020-12-31
consumer price index cpi ng.cpi 517.4 508.7 1.71 21.91 UP UP 100 2023-03-17
core inflation rate ng.coreinflationrate 19.16 18.5 3.57 44.71 UP UP 100 2023-01-25
current account ng.currentaccount -603.14 860.62 -170.08 -90.97 UP UP 30 2023-01-25
current account to gdp ng.currentaccountgdp -0.5 -3.9 -87.18 -113.89 Down Down 0 2022-12-17
deposit interest rate ng.depositrate 6.99 6.79 3 46 100.0 100.0 94 2022-09-30
exports ng.exports 2353080 1925290 22.22 19.01 UP UP 95 2023-03-11
external debt ng.externaldebt 39661.7 40064.8 -1.01 47.21 UP UP 0 2022-12-21
fiscal expenditure ng.fiscalexp 2419.31 2454.14 -1.42 10.59 Down UP 0 2022-12-21
foreign exchange reserves ng.fxreserves 36700 37040 -0.92 -7.93 Down Down 35 2023-03-02
gdp ng.gdp 440.78 432.29 2 51 100.0 100.0 0 2021-01-31
Real GDP ng.realgdp 21044200 18960000 10.99 6.55 UP UP 100 2023-01-25
gdp growth ng.gdpgrowth 10.99 9.68 13.53 -296.6 UP UP 0 2023-01-25
gdp growth annual ng.gdpgrowthan 3.52 2.25 56.44 38.04 UP UP 46.67 2023-01-25
gold reserves ng.goldres 21.37 21.46 -0 0 -100.0 -100.0 51 2021-06-30
government budget ng.govbudget -4.7 -4 17 161 -100.0 -100.0 0 2021-01-31
Government budget ng.govbudgetvalue -1191.98 -1401.72 -14.96 -15.92 UP UP 0 2022-12-21
government debt to gdp ng.govdebtgdp 37 34.5 7 330 100.0 100.0 0 2021-01-31
government revenues ng.govrev 1227.33 1052.42 16.62 -6.35 UP Down 0 2022-12-21
imports ng.imports 1235730 1939910 -36.3 -40.72 Down Down 31.67 2023-03-11
industrial production ng.indproduction -7.2 -9.7 -25.77 -253.19 Down Down 15 2022-11-23
interest rate ng.interestrate 15.5 15.5 0 0 -100.0 -100.0 0 2022-10-31
lending rate ng.lendingrate 12.23 9 36 0 -100.0 -100.0 0 2022-09-30
manufacturing pmi ng.manpmi 47.4 47.8 -0.84 -2.87 Down Down 18.33 2023-01-25
money supply m0 ng.msm0 1386400 3012060 -53.97 -57.83 Down Down 1.67 2023-01-25
money supply m1 ng.msm1 20964900 20686500 1.35 11.99 UP UP 93.33 2023-01-25
money supply m2 ng.msm2 52966500 51747300 2.36 19.14 Down UP 98.33 2023-01-25
services pmi ng.servpmi 47.8 51.4 -7 -1.65 Down Down 30 2023-01-25
unemployment rate ng.unemploymentrate 33.3 27.1 23 175 100.0 100.0 0 2020-12-31
youth unemployment rate ng.ytunemploymentrate 53.4 40.8 31 148 100.0 100.0 0 2020-12-31

Nigeria manufacturing PMI analysis

Nigeria’s manufacturing pmi is an index of the prevailing economic trends in the manufacturing sector. PMI is a number from 0 to 100. Nigeria’s Manufacturing PMI values above 50 represent economic expansion when compared with the previous month. Nigeria’s Manufacturing PMI values under 50 represent economic contraction, and a reading at 50 indicates no change. Nigeria manufacturing PMI is based on a monthly survey of supply chain managers across different industries. The PMI is based on five major survey areas: new orders, inventory levels, production, supplier deliveries, and employment. Explore MacroVar financial knowledge base structured by professional fund managers and economists.

Nigeria manufacturing pmi trend

Nigeria manufacturing 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 manufacturing pmi has recorded new highs or lows. Nigeria manufacturing pmi trend change is assumed when the specific indicator has recorded a 3-month high / low or more.

Nigeria manufacturing pmi momentum

Nigeria manufacturing 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.