Nigeria services pmi


Nigeria services pmi: 51.1 (-3.04%)
Last Update: August 31, 2023

Nigeria services pmi closed down 51.1 as of August 31, 2023 from 52.7 from the previous month and 50.4 from last year.


Nigeria services pmi Analytics & Data




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Nigeria services pmi

Date Values
2023-08-31 51.1
2023-07-31 52.7
2023-06-30 51.1
2023-05-31 52.7
2023-04-30 50.9
2023-03-31 42.9
2023-02-28 41.4
2023-01-31 49.6
2022-11-30 47.8
2022-10-31 51.4
2022-09-30 47.7
2022-08-31 47.2
2022-07-31 50.4
2022-06-30 50.3
2022-05-31 49.8
2022-04-30 49.5
2022-03-31 48.1
2022-02-28 49
2022-01-31 49.01
2021-12-31 48


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Nigeria services pmi Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
services pmi ng.servpmi 51.1 52.7 -3 3 UP UP 60 2023-06-30

Nigeria services pmi Factors

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What is the Nigeria services pmi

Welcome to our webpage showcasing the Nigeria Services PMI! Here, you will find a comprehensive collection of current and historical data, along with various trends and signals, analytics, and interactive charts that shed light on the performance of Nigeria's services sector.

But first, what is Nigeria Services PMI and how should it be interpreted?

The Nigeria Services PMI (Purchasing Managers' Index) is a widely recognized economic indicator that provides insights into the current state of the country's services sector. It is compiled by collecting data from a survey of purchasing managers in various service-oriented businesses, including financial services, transportation, healthcare, hospitality, and more. The PMI is based on several key variables, such as new business orders, employment levels, business activity, prices, and overall sentiment.

Interpreting the Nigeria Services PMI is relatively straightforward. The index is presented as a numeric value ranging from 0 to 100. A PMI reading above 50 indicates expansion in the services sector, suggesting economic growth and increased business activity. Conversely, a reading below 50 signals contraction, implying a decline in the sector.

On our webpage, you will find a range of tools and resources to help you analyze and understand the Nigeria Services PMI better. The current data will be displayed prominently, allowing you to see the most recent reading and stay updated on the sector's performance.

Additionally, we provide historical data and charts that allow for a comprehensive analysis of trends over time. These visual representations make it easier to observe patterns and identify any cyclical or seasonal fluctuations in the services sector.

To assist you further in your analysis, we offer various analytics and signals derived from the data. Our team of experts analyzes the PMI's components, identifies trends and shifts, and provides valuable insights to help you make informed decisions.

Moreover, users have the option to export the historical data for free, enabling you to conduct your own in-depth analysis using external tools or software. The ability to export data empowers researchers, analysts, and businesses to delve deeper into the services sector and extract meaningful conclusions for their unique purposes.

Additionally, we offer a premium feature called MacroVar. MacroVar leverages advanced algorithms and machine learning techniques to provide users with reliable signals, trends, and analysis based on extensive historical data. These insights offer a comprehensive perspective on Nigeria's services sector and assist in predicting potential future performance.

We hope our Nigeria Services PMI webpage serves as a valuable resource for your research and analysis needs. Stay informed, uncover trends, and make data-driven decisions with our up-to-date data, charts, analytics, and expert 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
Nigeria Macroeconomic Indicators

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 54.5 -6 14 UP UP 95 2024-02-29
consumer confidence ng.consconfidence -14.8 -21.2 -30 -1580 Down Down 0 2020-12-31
consumer price index cpi ng.cpi 681.4 660.8 3 32 UP UP 100 2024-02-29
core inflation rate ng.coreinflationrate 24.7 23.44 5 29 UP UP 77 2024-01-31
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 33520 33370 0 -9 Down Down 43 2024-02-29
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 2.51 2.31 9 -169 Down UP 13 2023-09-30
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