The business confidence index provides information on the development in the production, sales, orders, and stocks in the main economic sectors. The data are based on the results of surveys conducted among companies. According to the source, the overall index is computed as the percentage share of firms that have an “improving outlook” minus the percentage share of firms that have a “deteriorating outlook”. In May 2020, the business confidence in Nigeria reached the lowest figure over the period of consideration (-66.2 points), decreasing considerably compared to the previous months.
Business Confidence Index among companies in Nigeria from May 2019 to December 2020
The source adds the following information:
"In Nigeria, the Business Expectations Survey is based on a sample of 1,850 companies and provides advance indication of change in the overall business activity. It is a quarterly survey of nationwide leading firms from the main sectors of the economy: Services, Industrial, Wholesale/Retail Trade and Construction. The overall index is computed as the percentage share of firms that have an “improving outlook” less percentage share of firms that have a “deteriorating outlook."
The source does not specify the publication date. The release date is the date of access.
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Trading Economics. (February 18, 2021). Business Confidence Index among companies in Nigeria from May 2019 to December 2020 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1119424/business-confidence-index-in-nigeria/
Trading Economics. "Business Confidence Index among companies in Nigeria from May 2019 to December 2020." Chart. February 18, 2021. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1119424/business-confidence-index-in-nigeria/
Trading Economics. (2021). Business Confidence Index among companies in Nigeria from May 2019 to December 2020. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1119424/business-confidence-index-in-nigeria/
Trading Economics. "Business Confidence Index among Companies in Nigeria from May 2019 to December 2020." Statista, Statista Inc., 18 Feb 2021, https://www.statista.com/statistics/1119424/business-confidence-index-in-nigeria/
Trading Economics, Business Confidence Index among companies in Nigeria from May 2019 to December 2020 Statista, https://www.statista.com/statistics/1119424/business-confidence-index-in-nigeria/ (last visited September 01, 2024)
Business Confidence Index among companies in Nigeria from May 2019 to December 2020 [Graph], Trading Economics, February 18, 2021. [Online]. Available: https://www.statista.com/statistics/1119424/business-confidence-index-in-nigeria/