Nigeria manufacturing PMI

Nigeria’s manufacturing pmi icnreased to 49.0 by 0.41% on April 2021 from 48.8 in the previous month. On a year on year basis Nigeria’s manufacturing pmi decreased by -4.11%. Nigeria’s manufacturing pmi trend is up since the current value of 49.0 is higher than the 12 month moving average of 47.0333. and the 12 month moving average slope is down. Nigeria’s manufacturing pmi 5-year percentile is currently at 35.0%.

Nigeria manufacturing PMI Chart

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Date Value
31/12/2021 52,00
30/11/2021 50,80
31/10/2021 47,30
30/09/2021 46,60
31/08/2021 46,90
31/07/2021 46,60
30/06/2021 45,50
30/04/2021 49,00
31/03/2021 48,80
28/02/2021 48,70

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Nigeria manufacturing PMI

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 49 48.8 0.00409836 -0.0410959 1.0 -1.0 0.35 2021-04-30

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 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.