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

Nigeria manufacturing pmi

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Nigeria manufacturing pmi

Date Values
2022-03-31 52.3
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
2021-02-28 48.7
2021-01-31 44.9
2020-12-31 49.6
2020-11-30 50.2
2020-10-31 49.4
2020-09-30 46.9
2020-08-31 48.5
2020-07-31 44.9
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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 52.3 53.2 -2 7 100.0 100.0 70 2022-03-31

Nigeria Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
NSE All Share ALLSHARE 44269.4 -0.5 -0.75 -1.26741 35.0962 0 0.00074 -0.00432 0.05698
Nigeria ETF NGE 7.664 0 0 0 0 0 0 0 0
Nigerian Naira US Dollar (NGN/USD) NGNUSD 439.76 1 1 2.84843 95.3194 0.00114 0.00317 0.01264 0.07104
Nigeria 10-year bond yield NG.10Y 14.8 0 1 2.92922 95.1551 -0.00014 0 0.10242 0.23416
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 838688 582548 44 146 100.0 100.0 85 2022-04-30
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 53.7 52.3 3 3 -100.0 100.0 62 2022-09-30
consumer confidence ng.consconfidence -14.8 -21.2 -30 -1580 -100.0 -100.0 0 2020-12-31
consumer price index cpi ng.cpi 484.2 478.2 1.25 21.08 UP UP 100 2022-11-17
core inflation rate ng.coreinflationrate 17.6 17.2 2 28 100.0 100.0 88 2022-09-30
current account ng.currentaccount 5069.28 2633.55 92 -209 100.0 100.0 0 2022-06-30
current account to gdp ng.currentaccountgdp -2.8 -4.2 -33 -134 -100.0 -100.0 0 2021-01-31
deposit interest rate ng.depositrate 6.99 6.79 3 46 100.0 100.0 94 2022-09-30
exports ng.exports 2508190 2634360 -5 51 100.0 100.0 70 2022-04-30
external debt ng.externaldebt 40064.8 39969.2 0 47 100.0 100.0 0 2022-06-30
fiscal expenditure ng.fiscalexp 3792.91 4575.15 -17.1 58.74 UP UP 0 2022-11-23
foreign exchange reserves ng.fxreserves 37490 38320 -2 -10 -100.0 -100.0 22 2022-10-31
gdp ng.gdp 440.78 432.29 2 51 100.0 100.0 0 2021-01-31
Real GDP ng.realgdp 18960000 17285900 9.68 1.4 UP UP 93.33 2022-11-25
gdp growth ng.gdpgrowth 9.68 -0.4 -2520 -273.17 UP UP 0 2022-11-25
gdp growth annual ng.gdpgrowthan 2.25 3.54 -36.44 -1.32 UP Down 33.33 2022-11-25
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 -2740.49 -3493.11 -21.55 213.86 Down Down 0 2022-11-23
government debt to gdp ng.govdebtgdp 37 34.5 7 330 100.0 100.0 0 2021-01-31
government revenues ng.govrev 1052.42 1082.05 -2.74 8.3 UP UP 0 2022-11-23
imports ng.imports 1669500 2051810 -19 -26 -100.0 -100.0 5 2022-04-30
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 52.3 53.2 -2 7 100.0 100.0 70 2022-03-31
money supply m0 ng.msm0 3298790 3228750 2.17 11.22 UP UP 95 2022-11-20
money supply m1 ng.msm1 21323600 21188100 0.64 29.15 UP UP 98.33 2022-11-20
money supply m2 ng.msm2 50577400 49316900 2.56 22.26 Down UP 98.33 2022-11-20
services pmi ng.servpmi 49.8 49.5 1 5 100.0 100.0 60 2022-05-31
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.