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E.1.1
Business Expectations Survey - National
E.1.1.1 Business Expectations Survey - North Central
E.1.1.2 Business Expectations Survey - North East
E.1.1.3 Business Expectations Survey - North West
E.1.1.4 Business Expectations Survey - South East
E.1.1.5 Business Expectations Survey – South South
E.1.1.6 Business Expectations Survey – South West
E.2.1
Consumer Expectations Survey - National
E.2.1.1 Consumer Expectations Survey - North Central
E.2.1.2 Consumer Expectations Survey - North East
E.2.1.3 Consumer Expectations Survey - North West
E.2.1.4 Consumer Expectations Survey – South East
E.2.1.5 Consumer Expectations Survey – South South
E.2.1.6 Consumer Expectations Survey – South West
E.3.1
Inflation Attitudes Survey
E.4.1
Credit Conditions Survey: Secured Lending
E.4.2
Credit Conditions Survey: Unsecured Lending
E.4.3
Credit Conditions Survey: Corporate Lending
E.5.1
Purchasing Managers' Index - Manufacturing
E.5.2
Purchasing Managers' Index - Non Manufacturing
Return to Menu
Table E.1.1:
Business
Expectations
Survey -
National

Q2
Q3
Q4
1. Overall
Business
Outlook on the
Macroeconomy
Confidence
Index: All
Sectors
Current
Quarter
10.161662817551999

3.8
Next Quarter
63.741339491916897
58.8
39.70000
2. Business
Outlook Index
on the
Macroeconomy
by Sector:
Current
Quarter
Industrial
Sector
21.6666666666667
14.880952380952399
-6.95187
Construction
Sector
5.1948051948051903
43.835616438356197
12.90322
Wholesale and
Retail Trade
-12.290502793296101
16.129032258064498
6.666666
Services Sector
of which:
14.673913043478301
11.6279069767442
-4.87804
Financial
Intermediation
44.4444444444444
36.363636363636402
-21.0526
Hotels and
Restaurants
8.5365853658536608
16.326530612244898
12.28070
Renting and
Business
Activities
33.962264150943398
-16.129032258064498 34.375
Community
and Social
Services
78.571428571428598
-24.137931034482801 25.42372
3. Business
Outlook Index
on the
Macroeconomy
by Sector: Next
Quarter
Industrial
Sector
68.067226890756302
58.805970149253703
37.63440
Construction
Sector
63.636363636363598
79.452054794520507
65.625
Wholesale and
Retail Trade
77.2222222222222
57.837837837837803
40.55555
Services Sector
of which:
54.7425474254742

31.70731
Financial
Intermediation
55.5555555555556
72.727272727272705
36.84210
Hotels and
Restaurants
71.951219512195095
62.626262626262601
47.36842
Renting and
Business
Activities
88.679245283018901
51.612903225806399
59.375
Community
and Social
Services
93.3333333333333
55.172413793103402
29.31034
4. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
21.338912133891199
12.7596439169139
-2.67379
Construction
Sector
66.233766233766204
20.8333333333333
-12.5
Wholesale and
Retail Trade
29.6511627906977
3.7634408602150602
9.444444
Services Sector -4.6070460704606999
16.442953020134201
15.86206
5. Business
Outlook Index
on Own
Operations :
Current
Quarter
Volume of
Business
Activity Index
21.478060046189398
24.2
15.1
Volume of
Total Order
Book Index
-2.3094688221709001
22.7
12.3
Credit Access
Index
3.0023094688221699
-0.5
-6.9
Financial
Condition
Index
18.591224018475799
12.7
7.9
Average
Capacity
Utilization
77.367205542725202
21.3
19.39999
6. Business
Outlook Index
on Own
Operations :
Next Quarter
Volume of
Business
Activity Index
46.189376443417999
74.8
57.2
Employment
Outlook Index
70.554272517320996
44.6
39.6
7. Employment
Outlook Index
on Own
Operations by
Sector: Next
Quarter
Industrial
Sector
51.694915254237301
40.059347181008903
37.43315
Construction
Sector
39.759036144578303
56.164383561643803
59.375
Wholesale and
Retail Trade
29.608938547486002
47.8494623655914
80.55555
Services Sector 52.602739726027401
45.302013422818803
73.10344
8. Business
with Expansion
Plans (in per
cent): Next
Quarter
Industrial
Sector
75.630252100840295
70.029673590504402
61.49732
Construction
Sector
69.736842105263193
68.493150684931507
59.375
Wholesale and
Retail Trade
43.8888888888889
67.204301075268802
60.55555
Services Sector
of which:
75.376884422110507
72.093023255813904
67.47967
Financial
Intermediation
77.7777777777778
63.636363636363598
73.68421
Hotels and
Restaurants
82.926829268292707
69.696969696969703
63.15789
Renting and
Business
Activities
64.150943396226396
70.9677419354839
71.875
Community
and Social
Services
86.6666666666667
51.724137931034498
72.88135
9. Business
Constraints:
Current
Quarter
High Interest
Rate
58.1408775981524
57.15
55.4
Unclear
Economic Laws
36.085450346420302
35.15
35.4
Lack of
Equipment
16.2817551963048

13.6
Insufficient
Demand
9.8729792147805995
2.5499999999999998
13.9
Access to
Credit
26.501154734411099
18.649999999999999

Financial
Problems
42.1478060046189
41.55
41.2
Competition
34.237875288683597
32.700000000000003
38.1
Labor Problems -14.3187066974596
-16.55
-8.5
Lack of
Materials Input
5.3695150115473398
-2.85
10.19999
Unfavourable
Political
Climate
17.609699769053101
13.9
23.7
Unfavourable
Economic
Climate
43.360277136258702
37.450000000000003

Insufficient
Power Supply
68.533487297921496
68.5
60.8
10. Business
Expectation
Index on
Selected
Economic
Indicators:
Current
Quarter
N/$ Exchange
Rate
14.780600461893799
17.8
-5.4
Inflation Rate
24.7113163972286
22.2

Borrowing Rate -3.4642032332563599
-2.9

11. Business
Expectation
Index on
Selected
Economic
Indicators:
Next Quarter
N/$ Exchange
Rate
28.6374133949192
24.9
3.5
Inflation Rate
-3.4642032332563599
-2.9

Borrowing Rate -0.46189376443418001 -1.4
-2
12. Business
Outlook index
on the
Macroeconomy
by Type of
Business:
Current
Quarter
Importer
3.9215686274509798
14.880952380952399
7.731958
Exporter
42.857142857142897
43.835616438356197
-14.2857
Both Importer
and Exporter
6.8493150684931496
16.129032258064498
15.06849
Neither
Importer nor
exporter
11.090225563909801
7.7181208053691304
-2.31958
13. Business
Outlook index
on the
Macroeconomy
by Type of
Business: Next
Quarter
Importer
64.052287581699304
63.190184049079797
35.38461
Exporter
85.185185185185205
61.290322580645203

Both Importer
and Exporter
56.164383561643803
60.139860139860097
39.72602
Neither
Importer nor
exporter
65.103189493433405
57.685352622061501
40.82687
14. Business
Outlook index
on the
Macroeconomy
by Size of
Business:
Current
Quarter
Small (<50)
5.3601340033500797
13.572542901716099
6.746031
Medium (50
and <200)
17.901234567901199
19.075144508670501
-9.6
Large (200 and
Up)
23.529411764705898
19.230769230769202
6.779661
15. Business
Outlook index
on the
Macroeconomy
by Size of
Business: Next
Quarter
Small (<50)
65.661641541038506
59.126365054602203
40.87301
Medium (50
and <200)
64.596273291925499
59.064327485380097

Large (200 and
Up)
52.427184466019398
60.256410256410298
29.31034
16. Percentage
Distribution of
Respondent
Firms by Type
of Business
Importer
17.6674364896074
18.303571428571399
28.30188
Exporter
3.2332563510392598
3.4598214285714302
3.047895
Both Importer
and Exporter
17.5745958429561
16.183035714285701
10.59506
Neither
Importer nor
exporter
61.547344110854503
62.0419642857143
58.01349
17. Percentage
Distribution of
Respondent
Firms by
Employment
Size
Small (<50)
69.053117782909894
71.875
73.29462
Medium (50
and <200)
18.706697459584301
19.308035714285701
18.14223
Large (200 and
Up)
11.893764434180101
8.7053571428571406
8.563134
No Response
0.346420323325631
0.11160714285713901 0
18. Distribution
of Respondent
Firms by Sector
Sample Size
(N)

Response
Rate(%)
80.558139534883693
83.348837209302303
81.52380
All Sectors

Industrial
Sector

Construction
Sector

Wholesale and
Retail Trade

Services Sector
of which:

Financial
Intermediation

Hotels and
Restaurants

Renting and
Business
Activities

Community
and Social
Services

19. Business
Outlook Index
on the
Macroeconomy
by Sector
Contribution:
Current
Quarter
Industrial
Sector
6.0046189376443397
5.6135735544217704
-1.51869
Construction
Sector
0.46189376443418001 3.5714285714285698
0.482363
Wholesale and
Retail Trade
-2.5546079708929499
3.34821428571429
1.401869
Services Sector 6.2525102921980098

20. Business
Outlook Index
on the
Macroeconomy
by Sector
Contribution:
Next Quarter
Industrial
Sector
18.863896597900101
22.1835021321962
8.221535
Construction
Sector
5.6581986143187102
6.47321428571429
2.453271
Wholesale and
Retail Trade
16.050808314087799
12.006515444015401
8.528037
Services Sector 23.3256351039261

21. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
5.9137862726719304
4.81334781687156
-0.58411
Construction
Sector
5.8891454965357903
1.69735863095238
-0.46728
Wholesale and
Retail Trade
6.1630592405607203
0.78125
1.985981
Services Sector -1.9630484988452701
5.4871015100671103
5.373831
Financial
Condition
Index

Employment
Outlook Index
on Own
Operations by
Sector: Next
Quarter
Industrial
Sector
14.326535405331301
15.111673378550201
8.177570
Construction
Sector
3.5351567934555801
4.5758928571428603
2.219626
Wholesale and
Retail Trade
6.1542828389693804
9.9330357142857206
16.93925
Services Sector 22.413869467556701
15.1175245685523
24.76635
Employment
Outlook Index
46.429844505313
44.738126518531097
52.10280
23. Drivers of
macroeconomic
Outlook by
type of
business:
Current
Quarter
Importer
0.69284064665126999 2.7237457482993199
2.188290
Exporter
1.38568129330254
1.51663405088063
-0.43541
Both Importer
and Exporter
1.20373944129836
2.6101670506912402
1.596516
Neither
Importer nor
exporter
6.8257392904894996
4.7884737535954001
-1.34567
Macroeconomic
Outlook Index
10.108000671741699
11.6390206034666
2.003719
24. Drivers of
macroeconomic
Outlook by
type of
business: Next
Quarter
Importer
11.316397228637401
11.566060473269101
10.01451
Exporter
2.7542554101445602
2.12053571428571
1.066763
Both Importer
and Exporter
9.8706634186465791
9.7324550449550404
4.208998
Neither
Importer nor
exporter
40.069284064665098
35.789125871867697
23.68509
Macroeconomic
Outlook Index:
Next Quarter
64.010600122093706
59.208177104377597
38.97537
25. Drivers of
macroeconomic
Outlook by Size
of Business:
Current
Quarter
Small (<50)

6.2
3.2
Medium (50
and <200)
3.3487297921478101
3.68303571428571
-1.74165
Large (200 and
Up)
2.7985328080423901
1.6741071428571399
0.580551
Macroeconomic
Outlook Index:
Current
Quarter
10.147262600190199
11.5571428571429
2.038896
Return to
Menu
Table E.1.1.1:
Business
Expectations
Survey - North
Central

Q2
Q3
Q4
1. Overall
Business
Outlook on the
Macroeconomy
Confidence
Index: All
Sectors
Current
Quarter
North Central
25.2808988764045
30.2
60.3
Next Quarter
North Central
67.415730337078699
66.900000000000006
79.400000
2. Business
Outlook Index
on the
Macroeconomy
by Sector:
Current
Quarter
Industrial
Sector
48.275862068965502
26.6666666666667
22.9
Construction
Sector
3.125
27.272727272727298

Wholesale and
Retail Trade

35.5555555555556
70.599999
Services Sector
of which:

66.7
Financial
Intermediation

Hotels and
Restaurants

38.461538461538503
58.3
Renting and
Business
Activities

-12.5
92.9
Community
and Social
Services
14.285714285714301

3. Business
Outlook Index
on the
Macroeconomy
by Sector: Next
Quarter
Industrial
Sector
80.701754385964904
71.6216216216216
68.599999
Construction
Sector
56.25
63.636363636363598

Wholesale and
Retail Trade
58.3333333333333
64.4444444444444
94.1
Services Sector
of which:
68.181818181818201
53.3333333333333
91.7
Financial
Intermediation

Hotels and
Restaurants

61.538461538461497
66.7
Renting and
Business
Activities

62.5
64.3
Community
and Social
Services
57.142857142857103

92.9
4. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
39.655172413793103
22.6666666666667
-2.9
Construction
Sector
-15.625
18.181818181818201
66.7
Wholesale and
Retail Trade
2.7777777777777799
15.5555555555556
58.8
Services Sector 30.769230769230798
26.1904761904762
61.1
5. Business
Outlook Index
on Own
Operations :
Current
Quarter
Volume of
Business
Activity Index
33.7078651685393
40.700000000000003
47.62
Volume of
Total Order
Book Index
43.820224719101098
38.9
55.6
Credit Access
Index
14.044943820224701
0.60000000000000098 32.6
Financial
Condition
Index
19.662921348314601
19.2
42.8
Average
Capacity
Utilization
32.5842696629214
33.1
56.4
6. Business
Outlook Index
on Own
Operations :
Next Quarter
Volume of
Business
Activity Index
80.337078651685403
82.6
94.4
Employment
Outlook Index

46.5
66.599999
7. Business
with
Expansion
Plans (in per
cent): Next
Quarter
Industrial
Sector
74.137931034482804

Construction
Sector

63.636363636363598

Wholesale and
Retail Trade
80.5555555555556
71.1111111111111

Services Sector
of which:
77.272727272727295
86.6666666666667

Financial
Intermediation

Hotels and
Restaurants

69.230769230769198

Renting and
Business
Activities

62.5

Community
and Social
Services
85.714285714285694

8. Business
Constraints:
Current
Quarter
High Interest
Rate
64.044943820224702
58.05
59.5
Unclear
Economic
Laws
33.9887640449438
30.3
35.700000
Lack of
Equipment
25.842696629213499
6.65
17.5
Insufficient
Demand
12.6404494382022
3.8
21.4
Access to
Credit
42.696629213483099
10.5
24.6
Financial
Problems
56.460674157303401
42.45
33.700000
Competition
33.9887640449438
42.45
42.1
Labor
Problems
0.28089887640449301 -20.9
-20.6
Lack of
Materials Input
12.3595505617978
4.05
12.3
Unfavourable
Political
Climate
13.483146067415699
7.2500000000000098
13.5
Unfavourable
Economic
Climate
48.314606741573002
41.25

Insufficient
Power Supply
66.2921348314607
77.25
80.599999
9. Business
Expectation
Index on
Selected
Economic
Indicators:
Current
Quarter
N/$ Exchange
Rate
5.6179775280898898
25.6
33.299999
Inflation Rate
29.2134831460674
16.3
40.5
Borrowing
Rate
-6.1797752808988804 3.5
4.8
10. Business
Expectation
Index on
Selected
Economic
Indicators:
Next Quarter
N/$ Exchange
Rate
23.033707865168498
39.6
11.9
Inflation Rate
4.4943820224719104
1.2
4.8
Borrowing
Rate
0.56179775280899202 0
15.9
11. Percentage
Distribution of
Respondent
Firms by Type
of Business
Importer
8.9887640449438209
13.953488372093
34.126984
Exporter
1.68539325842697
3.4883720930232598
0.7936507
Both Importer
and Exporter
12.9213483146067
12.209302325581399
7.9365079
Neither
Importer nor
exporter
75.842696629213506
70.348837209302303
48.412698
12. Percentage
Distribution of
Respondent
Firms by
Employment
Size
Small (<50)
88.764044943820195
79.651162790697697
90.476190
Medium (50
and <200)
7.30337078651685
15.6976744186047
7.1428571
Large (200 and
Up)
3.9325842696629199
4.6511627906976702
2.3809523
No Response

13.
Distribution of
Respondent
Firms by
Sector
All Sectors

Industrial
Sector

Construction
Sector

Wholesale and
Retail Trade

Services Sector
of which:

Financial
Intermediation

Hotels and
Restaurants

Renting and
Business
Activities

Community
and Social
Services

14. Business
Outlook Index
on the
Macroeconomy
by Sector
Contribution:
Current
Quarter
Industrial
Sector
15.730337078651701
11.560693641618499
6.3611111
Construction
Sector
0.56179775280898903 1.7341040462427699
2.3809523
Wholesale and
Retail Trade
5.0561797752809001
9.2485549132948002
19.050793
Services Sector 0
9.7109826589595407
28.585714
15. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
12.9213483146067
9.8265895953757205
-0.805555
Construction
Sector
-2.80898876404494
1.15606936416185
1.5880952
Wholesale and
Retail Trade
0.56179775280898903 4.04624277456647
15.866666
Services Sector 8.9887640449438209
6.35838150289017
26.185714
Source: Central
Bank of
Nigeria
Return to
Menu
Table E.1.1.2:
Business
Expectations
Survey - North
East

Q2
Q3
Q4
1. Overall
Business
Outlook on the
Macroeconomy
Confidence
Index: All
Sectors
Current
Quarter
North East

8.6999999999999993 11.9565217
Next Quarter
North East

52.2
36.9
2. Business
Outlook Index
on the
Macroeconomy
by Sector:
Current
Quarter
Industrial
Sector
25.925925925925899 -12.5
17.2413793
Construction
Sector

33.3333333333333

Wholesale and
Retail Trade

-6.25
Services Sector
of which:
-52.631578947368403 -16.6666666666667
26.3157894
Financial
Intermediation

-50
Hotels and
Restaurants

9.0909090909090899 20
Renting and
Business
Activities
16.6666666666667

Community
and Social
Services

-20
16.6666666
3. Business
Outlook Index
on the
Macroeconomy
by Sector: Next
Quarter
Industrial
Sector
70.370370370370395 29.1666666666667
31.0344827
Construction
Sector

66.6666666
Wholesale and
Retail Trade
71.428571428571402 75
31.25
Services Sector
of which:
15.789473684210501 33.3333333333333
42.1052631
Financial
Intermediation

Hotels and
Restaurants

63.636363636363598 60
Renting and
Business
Activities

Community
and Social
Services

4. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
55.5555555555556
12.5
17.2413793
Construction
Sector

-33.333333
Wholesale and
Retail Trade

41.6666666666667
-6.25
Services Sector -15.384615384615399 18.309859154929601 18.1818181
5. Business
Outlook Index
on Own
Operations :
Current
Quarter
Volume of
Business
Activity Index
21.176470588235301 27.5
21.8
Volume of
Total Order
Book Index
27.0588235294118
23.2
22.8
Credit Access
Index
2.3529411764705901 5.8
3.3
Financial
Condition
Index
15.294117647058799 20.3

Average
Capacity
Utilization
24.705882352941199 15.9
28.3
6. Business
Outlook Index
on Own
Operations :
Next Quarter
Volume of
Business
Activity Index
69.411764705882305 63.8
60.9
Employment
Outlook Index
36.470588235294102 31.9
34.7999999
7. Business
with
Expansion
Plans (in per
cent): Next
Quarter
Industrial
Sector
81.481481481481495 69.565217391304301 68.9655172
Construction
Sector

66.6666666666667

Wholesale and
Retail Trade
60.714285714285701 75

Services Sector
of which:
68.421052631578902 66.6666666666667
73.6842105
Financial
Intermediation

Hotels and
Restaurants

72.727272727272705 90
Renting and
Business
Activities
83.3333333333333

Community
and Social
Services

83.3333333
8. Business
Constraints:
Current
Quarter
High Interest
Rate
56.470588235294102 47.9
28.8
Unclear
Economic
Laws
-50
40.65
39.1
Lack of
Equipment
33.529411764705898 13
9.19999999
Insufficient
Demand
21.764705882352899 15.15
2.7
Access to
Credit
25.882352941176499 7.3
24.5
Financial
Problems
-37.647058823529399 44.25
38.6
Competition
-50
27.5
40.7999999
Labor
Problems
1.1764705882352899 -8.75
-6
Lack of
Materials Input

11.65
1.6
Unfavourable
Political
Climate
20.588235294117599 15.95
19.6000000
Unfavourable
Economic
Climate
49.411764705882298 33.35
29.3
Insufficient
Power Supply
85.882352941176507 79.75
54.9
9. Business
Expectation
Index on
Selected
Economic
Indicators:
Current
Quarter
N/$ Exchange
Rate
1.1764705882352899 -11.6
-50
Inflation Rate
50.588235294117702 30.5
4.3
Borrowing
Rate
31.764705882352899 31.9
4.3
10. Business
Expectation
Index on
Selected
Economic
Indicators:
Next Quarter
N/$ Exchange
Rate
18.823529411764699 23.2
10.9
Inflation Rate
31.764705882352899 33.4
32.6
Borrowing
Rate
30.588235294117599 18.899999999999999 17.3999999
11. Percentage
Distribution of
Respondent
Firms by Type
of Business
Importer
11.764705882352899 14.492753623188401 11.9565217
Exporter
3.52941176470588
2.9
10.8695652
Both Importer
and Exporter
10.588235294117601 13.0434782608696
8.69565217
Neither
Importer nor
exporter
74.117647058823493 69.563768115941997 68.4782608
12. Percentage
Distribution of
Respondent
Firms by
Employment
Size
Small (<50)
62.352941176470601 65.2173913043478
68.4782608
Medium (50
and <200)
30.588235294117599 27.536231884058001 25
Large (200 and
Up)
7.0588235294117601 7.2463768115942004 6.52173913
No Response

13.
Distribution of
Respondent
Firms by
Sector
All Sectors

Industrial
Sector

Construction
Sector

Wholesale and
Retail Trade

Services Sector
of which:

Financial
Intermediation

Hotels and
Restaurants

Renting and
Business
Activities

Community
and Social
Services

14. Business
Outlook Index
on the
Macroeconomy
by Sector
Contribution:
Current
Quarter
Industrial
Sector
8.2352941176470598 -4.2253521126760596 5.43478260
Construction
Sector
2.3529411764705901 2.8169014084507

Wholesale and
Retail Trade

8.4507042253521103 -1.0869565
Services Sector -11.764705882352899 -6.8075117370892002 12.5858123
15. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
17.647058823529399 4.2253521126760596 5.43478260
Construction
Sector
2.3529411764705901 0
-1.0869565
Wholesale and
Retail Trade

7.0422535211267601 -1.0869565
Services Sector -3.4389140271493202 7.4786748660980003 8.69565217
Source: Central
Bank of
Nigeria
Return to
Menu
Table E.1.1.3:
Business
Expectations
Survey - North
West

Q2
Q3
Q4
1. Overall
Business
Outlook on the
Macroeconomy
Confidence
Index: All
Sectors
Current
Quarter
North West

38.6
-10.9
Next Quarter
North West
76.190476190476204
62.7
18.899999
2. Business
Outlook Index
on the
Macroeconomy
by Sector:
Current
Quarter
Industrial
Sector
33.3333333333333
36.538461538461497 4.3478260
Construction
Sector
-66.6666666666667
41.176470588235297 50
Wholesale and
Retail Trade

26.086956521739101 -19.444444
Services Sector
of which:
29.411764705882302
38.461538461538503 -39.130434
Financial
Intermediation

-100
Hotels and
Restaurants
33.3333333333333
52.173913043478301 0
Renting and
Business
Activities

Community
and Social
Services

66.6666666666667
33.299999
3. Business
Outlook Index
on the
Macroeconomy
by Sector: Next
Quarter
Industrial
Sector
77.7777777777778
65.384615384615401 21.739130
Construction
Sector

82.352941176470594 100
Wholesale and
Retail Trade

60.869565217391298 13.888888
Services Sector
of which:
70.588235294117695
61.538461538461497 -8.6956521
Financial
Intermediation

-100

Hotels and
Restaurants
91.6666666666667
52.173913043478301 100
Renting and
Business
Activities
62.5

Community
and Social
Services

66.6666666666667
41.666666
4. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
5.5555555555555598
-3.8461538461538498 -4.3478260
Construction
Sector
33.3333333333333

Wholesale and
Retail Trade

17.3913043478261
-5.5555555
Services Sector 16.2790697674419
28.846153846153801 0
5. Business
Outlook Index
on Own
Operations :
Current
Quarter
Volume of
Business
Activity Index
76.190476190476204

13.9
Volume of
Total Order
Book Index
33.3333333333333
31.7
9.9
Credit Access
Index
-15.476190476190499 4.2
-12.9
Financial
Condition
Index
17.8571428571429
11.8
-3
Average
Capacity
Utilization
35.714285714285701

13.9
6. Business
Outlook Index
on Own
Operations :
Next Quarter
Volume of
Business
Activity Index

77.3
47.5
Employment
Outlook Index
39.285714285714299
49.7
32.700000
7. Business
with
Expansion
Plans (in per
cent): Next
Quarter
Industrial
Sector
64.705882352941202
76.923076923076906 47.826086
Construction
Sector

70.588235294117695 100
Wholesale and
Retail Trade

73.913043478260903 47.222222
Services Sector
of which:
70.588235294117695
73.076923076923094 69.565217
Financial
Intermediation

Hotels and
Restaurants

60.869565217391298 66.666666
Renting and
Business
Activities
62.5
66.6666666666667

Community
and Social
Services

83.333333
8. Business
Constraints:
Current
Quarter
High Interest
Rate
43.452380952380899
50.05
53.5
Unclear
Economic
Laws
28.571428571428601
29.75
26.7
Lack of
Equipment
25.595238095238098
7.7
-2
Insufficient
Demand
0.59523809523809501 -4.8
8.5
Access to
Credit
29.1666666666667
19.350000000000001 9.4
Financial
Problems
47.023809523809497

39.5
Competition
38.690476190476197
18.600000000000001 32
Labor
Problems
38.690476190476197
-7.65
-19
Lack of
Materials Input
17.8571428571429
1.05
-8.5
Unfavourable
Political
Climate
-14.880952380952399 13
21.3
Unfavourable
Economic
Climate
38.095238095238102
33.5
44.1
Insufficient
Power Supply
58.928571428571402
76.2
67.8
9. Business
Expectation
Index on
Selected
Economic
Indicators:
Current
Quarter
N/$ Exchange
Rate
22.619047619047599
-20
-6.9
Inflation Rate
41.6666666666667
24.2
25.7
Borrowing
Rate
15.476190476190499
0.7
-2
10. Business
Expectation
Index on
Selected
Economic
Indicators:
Next Quarter
N/$ Exchange
Rate
28.571428571428601
31.7

Inflation Rate
8.3333333333333393
13.8

Borrowing
Rate
7.1428571428571397
1.4

11. Percentage
Distribution of
Respondent
Firms by Type
of Business
Importer
14.285714285714301
15.9

Exporter

2.1

Both Importer
and Exporter
20.238095238095202
12.4

Neither
Importer nor
exporter
65.476190476190496
69.7

12. Percentage
Distribution of
Respondent
Firms by
Employment
Size
Small (<50)
61.904761904761898
64.8

Medium (50
and <200)

26.2

Large (200 and
Up)
11.9047619047619

No Response

13.
Distribution of
Respondent
Firms by
Sector
All Sectors

Industrial
Sector

Construction
Sector

Wholesale and
Retail Trade

Services Sector
of which:

Financial
Intermediation

Hotels and
Restaurants

Renting and
Business
Activities

Community
and Social
Services

14. Business
Outlook Index
on the
Macroeconomy
by Sector
Contribution:
Current
Quarter
Industrial
Sector
48.275862068965502
26.6666666666667
22.9
Construction
Sector
3.125
27.272727272727298 100
Wholesale and
Retail Trade

35.5555555555556
70.599999
Services Sector 0

66.7
15. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
48.275862068965502
26.6666666666667
22.9
Construction
Sector
3.125
27.272727272727298 100
Wholesale and
Retail Trade

35.5555555555556
70.599999
Services Sector 0

66.7
Source: Central
Bank of
Nigeria
Return to
Menu
Table E.1.1.4:
Business
Expectations
Survey - South
East

Q2
Q3
Q4
1. Overall
Business
Outlook on the
Macroeconomy
Confidence
Index: All
Sectors
Current
Quarter
South East
-21.830985915492999 -8.6999999999999993 -10.3
Next Quarter
South East
77.464788732394396 53.6
19.8
2. Business
Outlook Index
on the
Macroeconomy
by Sector:
Current
Quarter
Industrial
Sector
-77.7777777777778
5.1282051282051304

Construction
Sector
-100

-20
Wholesale and
Retail Trade
-43.75

-14.814814
Services Sector
of which:
5.2631578947368398 19.047619047619101

Financial
Intermediation

-20
Hotels and
Restaurants
10.714285714285699 33.3333333333333
-5.2631578
Renting and
Business
Activities
33.3333333333333
-75
-100
Community
and Social
Services
27.272727272727298 0
-15.384615
3. Business
Outlook Index
on the
Macroeconomy
by Sector: Next
Quarter
Industrial
Sector
86.1111111111111

47.619047
Construction
Sector
83.3333333333333

Wholesale and
Retail Trade
37.5
43.75

Services Sector
of which:
84.210526315789494 47.619047619047599
20.833333
Financial
Intermediation

Hotels and
Restaurants
71.428571428571402 100
15.789473
Renting and
Business
Activities
83.3333333333333

Community
and Social
Services
90.909090909090907 100

4. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
-16.6666666666667

-4.7619047
Construction
Sector
-75

-20
Wholesale and
Retail Trade
-37.5
-15.625
-18.518518
Services Sector 0
2.38095238095238
11.8
5. Business
Outlook Index
on Own
Operations :
Current
Quarter
Volume of
Business
Activity Index
-12.6760563380282
-4.7
-1.6
Volume of
Total Order
Book Index
-5.6338028169014098 -4.7
-11.9
Credit Access
Index
-21.126760563380302 -22.1
-28.6
Financial
Condition
Index
-9.8591549295774694 -2.7

Average
Capacity
Utilization

-0.8
6. Business
Outlook Index
on Own
Operations :
Next Quarter
Volume of
Business
Activity Index
85.915492957746494 76.5
50.8
Employment
Outlook Index
54.9295774647887
50.3
19.8
7. Business
with
Expansion
Plans (in per
cent): Next
Quarter
Industrial
Sector
55.5555555555556
67.5
66.666666
Construction
Sector
83.3333333333333

Wholesale and
Retail Trade
37.5
46.875
14.814814
Services Sector
of which:
36.842105263157897 85.714285714285694
37.5
Financial
Intermediation

Hotels and
Restaurants

58.3333333333333
42.105263
Renting and
Business
Activities
16.6666666666667

Community
and Social
Services

23.076923
8. Business
Constraints:
Current
Quarter
High Interest
Rate
54.9295774647887
66.849999999999994
61.5
Unclear
Economic
Laws
55.2816901408451
49.3
21.8
Lack of
Equipment
31.690140845070399 -17.149999999999999 -13.1
Insufficient
Demand
45.774647887323901 7.7
-23
Access to
Credit
37.323943661971803 24.8
18.3
Financial
Problems
55.985915492957702 43.9
23.8
Competition
51.760563380281702 9.8000000000000007
10.7
Labor
Problems
-13.3802816901408
-38.549999999999997 -34.1
Lack of
Materials Input

-26.2
-20.2
Unfavourable
Political
Climate
39.436619718309899 6.7
19.399999
Unfavourable
Economic
Climate
54.577464788732399 36.5
38.5
Insufficient
Power Supply
82.746478873239397 73.75
63.9
9. Business
Expectation
Index on
Selected
Economic
Indicators:
Current
Quarter
N/$ Exchange
Rate
39.436619718309899 36.9

Inflation Rate
-14.084507042253501 -5.3
15.1
Borrowing
Rate
-33.098591549295797 -18.8
-34.1
10. Business
Expectation
Index on
Selected
Economic
Indicators:
Next Quarter
N/$ Exchange
Rate

13.4
-29.4
Inflation Rate
-52.112676056338003 -52.4
-21.4
Borrowing
Rate
-51.408450704225402 -26.2
-32.5
11. Percentage
Distribution of
Respondent
Firms by Type
of Business
Importer
33.098591549295797 20.805369127516801
31.746031
Exporter
2.1126760563380298 0.67114093959731502 0
Both Importer
and Exporter
3.52112676056338
11.4093959731544
4.7619047
Neither
Importer nor
exporter
61.267605633802802 67.114093959731505
63.492063
12. Percentage
Distribution of
Respondent
Firms by
Employment
Size
Small (<50)
71.126760563380302 74.496644295302005
71.428571
Medium (50
and <200)
20.422535211267601 17.449664429530198
17.460317
Large (200 and
Up)
7.7464788732394396 8.0536912751677896
11.111111
No Response

13.
Distribution of
Respondent
Firms by
Sector
All Sectors

Industrial
Sector

Construction
Sector

Wholesale and
Retail Trade

Services Sector
of which:

Financial
Intermediation

Hotels and
Restaurants

Renting and
Business
Activities

Community
and Social
Services

14. Business
Outlook Index
on the
Macroeconomy
by Sector
Contribution:
Current
Quarter
Industrial
Sector
-19.7183098591549
1.68137873055906

Construction
Sector
-4.2253521126760596 0.81967213114754101 -1.5873015
Wholesale and
Retail Trade
-4.9295774647887303 0
-3.1746031
Services Sector 3.1134173461823602 7.0257611241217797

15. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
-4.2253521126760596 3.27868852459016
-0.7936507
Construction
Sector
-3.1690140845070398 0.81967213114754101 -1.5873015
Wholesale and
Retail Trade
-4.2253521126760596 -4.0983606557377099 -3.9682539
Services Sector 0
0.87822014051522201 6.3682539
Source: Central
Bank of
Nigeria
Return to
Menu
Table E.1.1.5:
Business
Expectations
Survey - South
South

Q2
Q3
Q4
1. Overall
Business
Outlook on the
Macroeconomy
Confidence
Index: All
Sectors
Current
Quarter
South South
34.146341463414601
10.4
14.5
Next Quarter
South South
85.365853658536594
61.2
45.2
2. Business
Outlook Index
on the
Macroeconomy
by Sector:
Current
Quarter
Industrial
Sector
4.1666666666666696
24.137931034482801 -23.07692
Construction
Sector

36.363636363636402 -23.07692
Wholesale and
Retail Trade
71.428571428571402

Services Sector
of which:
33.3333333333333
15.384615384615399 23.076923
Financial
Intermediation

Hotels and
Restaurants

17.3913043478261
33.333333
Renting and
Business
Activities
85.714285714285694
-25

Community
and Social
Services

33.299999
3. Business
Outlook Index
on the
Macroeconomy
by Sector: Next
Quarter
Industrial
Sector

46.6666666666667
66.666666
Construction
Sector
66.6666666666667
90.909090909090907 75
Wholesale and
Retail Trade

69.230769
Services Sector
of which:
66.6666666666667
69.230769230769198 44.444444
Financial
Intermediation

Hotels and
Restaurants

58.3333333333333

Renting and
Business
Activities

Community
and Social
Services

4. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
33.3333333333333
36.6666666666667

Construction
Sector
-46.6666666666667
45.454545454545503 -50
Wholesale and
Retail Trade
35.714285714285701

30.769230
Services Sector 18.018018018018001
25.531914893617
-11.1
5. Business
Outlook Index
on Own
Operations :
Current
Quarter
Volume of
Business
Activity Index
34.146341463414601
29.3
30.6
Volume of
Total Order
Book Index
30.487804878048799
32.799999999999997 24.2
Credit Access
Index
-9.7560975609756095
3.5
-11.3
Financial
Condition
Index
15.853658536585399
27.6

Average
Capacity
Utilization
23.170731707317099
32.799999999999997 14.5
6. Business
Outlook Index
on Own
Operations :
Next Quarter
Volume of
Business
Activity Index
89.024390243902403

54.8
Employment
Outlook Index
36.585365853658502

4.8
7. Business
with
Expansion
Plans (in per
cent): Next
Quarter
Industrial
Sector

76.6666666666667
76.923076
Construction
Sector
93.3333333333333
90.909090909090907 75
Wholesale and
Retail Trade
35.714285714285701

53.846153
Services Sector
of which:
66.6666666666667
84.615384615384599 77.8
Financial
Intermediation

Hotels and
Restaurants

91.6666666666667
66.7
Renting and
Business
Activities

87.5

Community
and Social
Services

8. Business
Constraints:
Current
Quarter
High Interest
Rate
69.512195121951194
53.8
49.2
Unclear
Economic
Laws
26.829268292682901
36.200000000000003 24.2
Lack of
Equipment
10.975609756097599
27.95
19.399999
Insufficient
Demand
-0.60975609756097504 -1.7
9.6999999
Access to
Credit
14.024390243902401
39.65
27.4
Financial
Problems
46.951219512195102
46.05
-31.5
Competition
55.487804878048799
41.45
33.89
Labor
Problems
-6.09756097560975
-16.100000000000001 -3.21
Lack of
Materials Input
-0.60975609756097504 3.85
23.4
Unfavourable
Political
Climate
12.8048780487805
9.0500000000000007 20.2
Unfavourable
Economic
Climate
20.121951219512201
38.4
33.1
Insufficient
Power Supply
17.0731707317073
79.349999999999994 39.5
9. Business
Expectation
Index on
Selected
Economic
Indicators:
Current
Quarter
N/$ Exchange
Rate
-10.975609756097599

-29
Inflation Rate
39.024390243902403

12.9
Borrowing
Rate
30.487804878048799
-2
4.8
10. Business
Expectation
Index on
Selected
Economic
Indicators:
Next Quarter
N/$ Exchange
Rate
23.170731707317099
20.7
1.6
Inflation Rate
10.975609756097599
6.9
22.6
Borrowing
Rate
21.951219512195099
-12.1
-1.6
11. Percentage
Distribution of
Respondent
Firms by Type
of Business
Importer
15.853658536585399
20.689655172413801 30.7
Exporter
9.7560975609756095
1.72413793103448
3.2258064
Both Importer
and Exporter
14.634146341463399
17.241379310344801 6.6
Neither
Importer nor
exporter
59.756097560975597
56.034482758620697 59.677419
12. Percentage
Distribution of
Respondent
Firms by
Employment
Size
Small (<50)
70.731707317073202
85.344827586206904 59.677419
Medium (50
and <200)
20.731707317073202
11.2068965517241
30.6
Large (200 and
Up)
8.5365853658536608
3.4482758620689702 9.6774193
No Response

13.
Distribution of
Respondent
Firms by
Sector
All Sectors

Industrial
Sector

Construction
Sector

Wholesale and
Retail Trade

Services Sector
of which:

Financial
Intermediation

Hotels and
Restaurants

Renting and
Business
Activities

Community
and Social
Services

14. Business
Outlook Index
on the
Macroeconomy
by Sector
Contribution:
Current
Quarter
Industrial
Sector
1.2195121951219501
7.2413793103448301 -6.25
Construction
Sector

-1.923076
Wholesale and
Retail Trade
12.1951219512195

20.3125
Services Sector 11.788617886178899
7.5384615384615401 8.6538461
15. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
9.7560975609756095

Construction
Sector
-8.5365853658536608

-4.166666
Wholesale and
Retail Trade
6.0975609756097597

8.3333333
Services Sector 6.3722258844210096
12.510638297872299 -4.162499
Source: Central
Bank of
Nigeria
Return to
Menu
Table E.1.1.6:
Business
Expectations
Survey - South
West

Q2
Q3
Q4
1. Overall
Business
Outlook on the
Macroeconomy
Confidence
Index: All
Sectors
Current
Quarter
South West
8.4745762711864394 9
-25.4
Next Quarter
South West
46.440677966101703 55.1
31.5
2. Business
Outlook Index
on the
Macroeconomy
by Sector:
Current
Quarter
Industrial
Sector
13.8888888888889
5.1282051282051198
-37.5
Construction
Sector
-7.4074074074074003 56.521739130434803
-28.571428
Wholesale and
Retail Trade
-4.7619047619047601 0
-5.7692307
Services Sector
of which:
9.1954022988505706 -8.3333333333333304 -41.176470
Financial
Intermediation

-100
Hotels and
Restaurants
8.3333333333333393 -37.5
-40
Renting and
Business
Activities
63.636363636363598 -50

Community
and Social
Services
12.5
-54.545454545454497 0
3. Business
Outlook Index
on the
Macroeconomy
by Sector: Next
Quarter
Industrial
Sector
32.876712328767098 56.521739130434803
18.75
Construction
Sector
48.148148148148103 69.565217391304401
71.428571
Wholesale and
Retail Trade
34.920634920634903 57.142857142857103
40.384615
Services Sector
of which:
47.1264367816092
40.425531914893597
32.352941
Financial
Intermediation

Hotels and
Restaurants
83.3333333333333
56.25

Renting and
Business
Activities
81.818181818181799 0

Community
and Social
Services

27.272727272727298
-12.5
4. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
-36.986301369863
8.6206896551724093
-10.9375
Construction
Sector
3.7037037037037002 31.818181818181799

Wholesale and
Retail Trade
-6.3492063492063497 -10.9375

Services Sector -4.5454545454545503 8.6419753086419693
-5.2
5. Business
Outlook Index
on Own
Operations :
Current
Quarter
Volume of
Business
Activity Index
23.0508474576271
22.8
-5.5
Volume of
Total Order
Book Index
22.033898305084801 17.899999999999999
-9.4
Credit Access
Index
1.35593220338983
5.7
-19.899999
Financial
Condition
Index
-12.203389830508501 9
-5.5
Average
Capacity
Utilization
11.1864406779661
16.7
7.2
6. Business
Outlook Index
on Own
Operations :
Next Quarter
Volume of
Business
Activity Index
71.186440677966104 67.8

Employment
Outlook Index
47.118644067796602 37.9
21.5
7. Business
with
Expansion
Plans (in per
cent): Next
Quarter
Industrial
Sector
80.5555555555556
62.393162393162399
51.5625
Construction
Sector
62.962962962962997 56.521739130434803
14.285714
Wholesale and
Retail Trade
75.806451612903203 67.1875
67.307692
Services Sector
of which:
77.011494252873604 58.3333333333333
67.647058
Financial
Intermediation

Hotels and
Restaurants
83.3333333333333
56.25

Renting and
Business
Activities

Community
and Social
Services

54.545454545454497

8. Business
Constraints:
Current
Quarter
High Interest
Rate
61.186440677966097 59.55

Unclear
Economic
Laws
40.169491525423702 31.65
36.5
Lack of
Equipment
20.169491525423702 2.85
17.7
Insufficient
Demand
19.322033898305101 1.5
23.2
Access to
Credit
31.694915254237301 13.9
14.9
Financial
Problems

38.35
42.3
Competition
33.559322033898297 45.5
40.9
Labor
Problems
3.0508474576271101 -7.95
-3.3
Lack of
Materials Input
12.8813559322034
-2.85
19.100000
Unfavourable
Political
Climate
34.067796610169502 25.15
24.9
Unfavourable
Economic
Climate
49.661016949152497 38.6
46.4
Insufficient
Power Supply
74.576271186440707 46.75
40.9
9. Business
Expectation
Index on
Selected
Economic
Indicators:
Current
Quarter
N/$ Exchange
Rate
17.2881355932203

-16
Inflation Rate
24.406779661016898 31.1
30.4
Borrowing
Rate
-3.7288135593220399 17.899999999999999
6.1
10. Business
Expectation
Index on
Selected
Economic
Indicators:
Next Quarter
N/$ Exchange
Rate
26.1016949152542
20.5
9.9
Inflation Rate
-2.3728813559322099 -0.4
6.1
Borrowing
Rate
-16.9491525423729
10.199999999999999
-3.9
11. Percentage
Distribution of
Respondent
Firms by Type
of Business
Importer
18.644067796610202 20.816326530612201
32.044198
Exporter
3.7288135593220302 7.3469387755101998
2.7624309
Both Importer
and Exporter
27.457627118644101 22.040816326530599
14.917127
Neither
Importer nor
exporter
48.813559322033903 49.7959183673469
50.276243
12. Percentage
Distribution of
Respondent
Firms by
Employment
Size
Small (<50)
59.661016949152497 64.489795918367307
64.088397
Medium (50
and <200)
18.983050847457601 20.408163265306101
24.309392
Large (200 and
Up)
21.016949152542399 14.6938775510204
11.602209
No Response
0.338983050847458
0.40816326530620017 0
13.
Distribution of
Respondent
Firms by
Sector
All Sectors

Industrial
Sector

Construction
Sector

Wholesale and
Retail Trade

Services Sector
of which:

Financial
Intermediation

Hotels and
Restaurants

Renting and
Business
Activities

Community
and Social
Services

14. Business
Outlook Index
on the
Macroeconomy
by Sector
Contribution:
Current
Quarter
Industrial
Sector
3.4369114877589499 2.1052631578947398
-13.259668
Construction
Sector
-0.677966101694915
4.5614035087719298
-1.1049723
Wholesale and
Retail Trade
-1.0169491525423699 0
-1.6574585
Services Sector 4.1145528930450004 -2.3684210526315801 -13.194670
15. Business
Confidence
Index on Own
Operations by
Sector: Current
Quarter
Industrial
Sector
-9.15254237288136
3.5390199637023598
-3.8674033
Construction
Sector
0.338983050847458
2.5677830940988802

Wholesale and
Retail Trade
-1.35593220338983
-2.45614035087719

Services Sector -2.0338983050847501 2.45614035087719
-1.6662983
Source: Central
Bank of
Nigeria
Return to Menu
Table E.2.1:
Consumer
Expectations
Survey - National

Q2
Q3
Q4
1. Overall
Consumer
Confidence Index
All Sectors
Current Quarter
-23
-20.266666666666701 -14.333
Next Quarter
22.5
21.516666666666701 29.283
Next 12 months
24.216666666666701 28.4166666666667
26.966
2. Consumer
Outlook Indices on
the Current
Economic and
Family Condition:
Current Quarter
Economic
Condition
-35.4
-32.299999999999997 -24.05
Family Financial
Situation
-24.3
-19.7
-12.65
Family Income
-9.3000000000000007 -8.8000000000000007 -6.3
3. Consumer
Outlook Indices on
Economic and
Family Condition:
Next Quarter
Economic
Condition

3.05
11.65
Family Financial
Situation
1.1000000000000001 2
4.5999
Family Income
54.4
59.5
71.599
4. Consumer
Outlook Indices on
Economic and
Family Condition:
Next 12 Months
Economic
Condition
12.65
16.5
16.2
Family Financial
Situation
5.6
7.1
8.1999
Family Income
54.4
61.65
56.5
5. Buying
Conditions Index:
Current Quarter
Buying Conditions
Index
37.283333333333303 36.825000000000003 36.683
Consumer Durables 45.35
45.6
46.85
Motor Vehicle
31.05
32.700000000000003 32
House & Lot
35.450000000000003 32.174999999999997 31.2
6. Buying Intention
Index: Next 12
Months
Buying Intention
Index
46.366666666666703 45.6
43.55
Consumer Durables 52.8
53.55
54.1
Motor Vehicle
38.524999999999999 41.95
38.450
House & Lot
47.774999999999999 41.3
38.1
7. Indices on
Selected Economic
Indicators: Next
Quarter
Unemployment
Rate Index

36.6
39.65
Borrowing Rate
Index
22.6
13.9
-23.5
Exchange Rate
-28.7
-23.7
23.6
Inflation Rate
Index
40.766666666666701 45.983333333333299 46.174
8. Indices on
Selected Economic
Indicators: Next 12
Months
Unemployment
Rate Index

36.6
39.65
Borrowing Rate
Index
22.6
13.9
-23.5
Exchange Rate
-28.7
-23.7
23.6
Inflation Rate
Index
27.5555555555556
31.688888888888901 32.5
9. Sectors
Contribution to
Price Changes over
the Next 12
Months
Food & Other
Household Needs
31.3
58.5
60.9
Education
57.3
52.5
48.8
Medical Expenses
44.4
48.5
47.7
Purchase of
Appliances/
Consumer durables
30.7
32.9

Telecommunication 23.8
23.3
31.3
Electricity
43.4
40.700000000000003 44.5
Rents
75.3
73.099999999999994 66.3
Transportation
64.2
64.099999999999994 67.2
Debt Payment
41.9
48.6
45.1
Investment
46.3
48.7
54.5
Purchase of Car/
Motor Vehicle
22.4

30.2
Purchase of House
8.1999999999999993 35.9
29.6
Savings
10. Percentage of
Respondents by
Educational
Attainment
Primary School
8.1
4.9000000000000004 7.6
Junior School

4.5999999999999996 3.9
Senior School
20.6
17.2
22.8
Higher nonuniversity
education
32.299999999999997 36.200000000000003 31.6
University
31.7
34.700000000000003 32.4
None
3.1
2.2999999999999998 1.5
11. Total Sample
Households and
Response Rate
Number of Sample
Households

Number of
Respondents

Response Rate
85.7222222222222
90.414746543778804 88.755
Source: Central
Bank of Nigeria
Return to Menu
Table E.2.1.1:
Consumer
Expectations
Survey - North
Central

Q2
Q3
Q4
1. Zonal
Consumer
Outlook:
Composite
Index
Confidence
Index:
Current
Quarter
-14.3333333333333
-10.216666666666701 5.4
Next Quarter
22.066666666666698
31.1
42.95
Next 12
months
27.75
32.733333333333299 38.21666
2. Consumer
outlook indices
on the current
economic and
family
condition:
Current
Quarter
Economic
Condition
-30.25
-17.850000000000001 -1.55
Under N
20,000 per
month
-24.568965517241399
-7.0175438596491198 -8.333333
Between N
20,000 and N
50,000 per
month
-37.037037037037003
-21.717171717171698 0.602409
Between
N50,001 and
N100,000 per
month
-38.3333333333333
-25.862068965517199 6.25
Over N
100,000 per
month
-33.3333333333333
-18.181818181818201 8.333333
Family
Financial
Situation
-12.35
-17.899999999999999 -3.15
Under N
20,000 per
month
11.440677966101701
-24.5
-13.88888
Between N
20,000 and N
50,000 per
month
19.196428571428601
-8
3.614457
Between N
50,001 and N
100,000 per
month
13.7931034482759
-5
4.166666
Over N
100,000 per
month

2.5

Family Income
-0.40000000000000202 5.0999999999999996 20.9
Under N
20,000 per
month
19.1666666666667

18.05555
Between N
20,000 and N
50,000 per
month
-16.363636363636399
13.1313131313131
30.12048
Between N
50,001 and N
100,000 per
month
-23.3333333333333
-20.689655172413801 12.5
Over N
100,000 per
month
13.3333333333333
27.272727272727298 -8.333333
3. Consumer
outlook indices
on economic
and family
condition: Next
Quarter
Economic
Condition
7.4
18.399999999999999 18.85000
Under N
20,000 per
month
9.8958333333333304
20.192307692307701 19.81132
Between N
20,000 and N
50,000 per
month
4.1322314049586799
10.294117647058799 13.04347
Between
N50,001 and
N100,000 per
month
6.25
40.909090909090899 25.86206
Over N
100,000 per
month
15.625
16.6666666666667
35.29411
Family
Financial
Situation
13.8
18.8

Under N
20,000 per
month
-20.168067226890798
19.230769230769202 28.84615
Between N
20,000 and
N50,000 per
month
-4.5871559633027497
22.5490196078431
36.95652
Between
N50,001 and
N100,000 per
month
-6.4516129032258096
12.1212121212121
41.37931
Over N100,000
per month

11.76470
Family Income

56.1

Under N20,000
per month
58.677685950413199
40.384615384615401 79.24528
Between
N20,000 and
N50,000 per
month
29.2035398230088
70.588235294117595 80.43478
Between
N50,001 and
N100,000 per
month
32.258064516128997
42.424242424242401 68.96551
Over N
100,000 per
month
62.5
33.3333333333333
64.70588
4. Consumer
outlook indices
on economic
and family
condition: Next
12 Months
Economic
Condition
15.85
28.3
25.1
Under N
20,000 per
month
10.5633802816902
28.3505154639175
21.42857
Between N
20,000 and N
50,000 per
month
7.1428571428571397
23.469387755102002 8.695652
Between N
50,001 and N
100,000 per
month
28.0701754385965
45.8333333333333
33.33333
Over N
100,000 per
month
40.909090909090899
28.316326530612201 44.04761
Family
Financial
Situation

14.8
29.3
Under N
20,000 per
month
15.2777777777778
-7.8947368421052602 3.571428
Between N
20,000 and N
50,000 per
month
-0.854700854700852
20.618556701030901 14.49275
Between N
50,001 and N
100,000 per
month
8.6206896551724093
24.4897959183673
43.13725
Over N
100,000 per
month
29.411764705882302

54.76190
Family Income
58.4
55.1
60.25
Under N
20,000 per
month
57.857142857142897
57.894736842105303 58.92857
Between N
20,000 and N
50,000 per
month
63.247863247863201
52.577319587628899 66.66666
Between N
50,001 and N
100,000 per
month
62.280701754386001
52.040816326530603 56.86274
Over N
100,000 per
month
55.714285714285701
79.1666666666667
54.76190
5. Confidence
Index on
Amount of
Expenditures:
Next 12
months
Average
0.78181818181818097 6.8272727272727298 22.13636
Food & Other
household
needs
58.4
55.1
60.25
Education
38.450000000000003
40.299999999999997 52.6
Debt Payment
-4.0999999999999899
-19.649999999999999 23.05
Medical
Expenses
3.4500000000000099
6.65
33.54999
Savings
-14.95
1.55
19.85000
Purchase of
Appliances
-17.95

17.05
Investment
-12.45
-0.7

Purchase of
Consumer
durables
4.3
27.6

Purchase of
Car/Motor
Vehicle
-21.8
-17.600000000000001 26.25
Purchase of
House
-15.5
-17.3
-28.1
Others
-9.25
-4.8499999999999996 12
6. Buying
Conditions
Index: Current
Quarter
Buying
Conditions
Index
40.766666666666701
41.233333333333299 45.3
Consumer
Durables
49.8
52.55
60.45
Motor Vehicle
45.924999999999997
36.450000000000003 35.95000
House & Lot
26.574999999999999
34.700000000000003 39.5
7. Buying
Intention
Index: Next 12
Months
Buying
Intentions
Index
40.075000000000003
45.433333333333302 46.55833
Consumer
Durables
54.5
57.4
64.65000
Motor Vehicle
30.75
41.475000000000001 36.79999
House & Lot
34.975000000000001
37.424999999999997 38.22500
8. Indices on
Selected
Economic
Indicators:
Next 12
Months
Unemployment
Rate Index
42.2
16.350000000000001 46.35
Interest Rate
Index for
Borrowing
Money
16.5

1.5
Exchange Rate
-2.4
0.5
-0.5
Change in Price
Index
43.866666666666703
36.524999999999999 37.36666
9. Sectors
Contribution to
price changes
over the next
12 months
Food
51.2
55.6
67.59999
Clothing &
Footwaer
52.6
52.1
31.4
Electricity
54.6
29.1
22.6
Water
13.4

27.8
House Rent
77.599999999999994
59.7
54.5
Transportation
76.7
60.2
84.3
Communication 35.4
30.6
17.8
Education
52.2
34.700000000000003 38.20000
Medical Care
49.8
32.6
28.3
Personal Care
26.1
13.8
7.3
Hotel &
Restaurant
36.799999999999997
31.1
41.4
Others

11.8
27.2
10. Percentage
of Respondents
by Educational
Attainment
Primary School 7.9
2.6
4.712041
Junior School
1.7
3.1
1.570680
Senior School
16.8
9.1999999999999993 27.74869
Higher nonuniversity
education
41.2

34.03141
University
22.3
31.6
28.79581
None
8.6
2.6
3.141361
11. Total
Sample
Households
and Response
Rate
Number of
Sample
Households

Number of
Respondents

Response Rate

95.5
Source: Central
Bank of Nigeria
Return to Menu
Table E.2.1.2:
Consumer
Expectations
Survey - North
East

Q2
Q3
Q4
1. Zonal
Consumer
Outlook:
Composite
Index
Confidence
Index:
Current
Quarter
-17.766666666666701 -10.6666666666667
-6.5166666
Next Quarter
7.18333333333333
27.4
18.983333
Next 12
months
21.266666666666701 32
37.9
2. Consumer
outlook indices
on the current
economic and
family
condition:
Current
Quarter
Economic
Condition
-62.55
-56
-13.75
Under N
20,000 per
month
-74.038461538461505 -48.214285714285701 -20
Between N
20,000 and N
50,000 per
month
-40
-66.6666666666667
-4.3478260
Between
N50,001 and
N100,000 per
month

-62.5
-16.666666
Over N
100,000 per
month
-100
-19.766666666666701 -50
Family
Financial
Situation
28.95

-5.8
Under N
20,000 per
month
-11.538461538461499 4
-10
Between N
20,000 and N
50,000 per
month
-7.5

-4.3478260
Between N
50,001 and N
100,000 per
month

-8.3333333
Over N
100,000 per
month
-50
-29.766666666666701 25
Family Income
-19.7

Under N
20,000 per
month
-17.307692307692299 -14.285714285714301 5
Between N
20,000 and N
50,000 per
month
-30
11.1111111111111
17.391304
Between N
50,001 and N
100,000 per
month

-50
Over N
100,000 per
month

-100
3. Consumer
outlook indices
on economic
and family
condition: Next
Quarter
Economic
Condition
-7.25

14.65
Under N
20,000 per
month
-7.7777777777777803 2.7272727272727302 11.764705
Between N
20,000 and N
50,000 per
month
-3.8461538461538498 15
26.086956
Between
N50,001 and
N100,000 per
month
-50

-14.285714
Over N
100,000 per
month

-20
12.5
Family
Financial
Situation
-18.399999999999999 -2
11.7
Under N
20,000 per
month
-15.5555555555556
3.7037037037037002 -5.8823529
Between N
20,000 and
N50,000 per
month
-15.384615384615399 -10
39.130434
Between
N50,001 and
N100,000 per
month
-100

-28.571428
Over N100,000
per month

-2

Family Income

-4
62.7
Under N20,000
per month
11.1111111111111

52.941176
Between
N20,000 and
N50,000 per
month
30.769230769230798 -25.925925925925899 78.260869
Between
N50,001 and
N100,000 per
month

71.428571
Over N
100,000 per
month

4. Consumer
outlook indices
on economic
and family
condition: Next
12 Months
Economic
Condition
9.2500000000000107 30
26.45
Under N
20,000 per
month
1.35135135135135
-1.16279069767442
36.363636
Between N
20,000 and N
50,000 per
month
15.517241379310301 18.115942028985501 32.692307
Between N
50,001 and N
100,000 per
month
14.285714285714301 14.285714285714301 -21.428571
Over N
100,000 per
month

-10
35.714285
Family
Financial
Situation
3.9

21.6
Under N
20,000 per
month
5.4054054054054097 -28.571428571428601 -9.0909090
Between N
20,000 and N
50,000 per
month
6.8965517241379297 19.354838709677399 42.307692
Between N
50,001 and N
100,000 per
month
-14.285714285714301 9.0909090909091006 -14.285714
Over N
100,000 per
month

28.571428
Family Income
50.65

65.650000
Under N
20,000 per
month

7.1428571428571503 59.090909
Between N
20,000 and N
50,000 per
month
46.6666666666667
62.903225806451601 63.461538
Between N
50,001 and N
100,000 per
month
64.285714285714306 68.181818181818201 78.571428
Over N
100,000 per
month

71.428571
5. Confidence
Index on
Amount of
Expenditures:
Next 12
months
Average
17.850000000000001 20.727272727272702 20.522727
Food & Other
household
needs
50.65

65.650000
Education
68.5

40.299999
Debt Payment
2.65

6.9
Medical
Expenses
66.55

Savings
-49.3
-53
6.85
Purchase of
Appliances
34.9

9.85
Investment

-14
7.9
Purchase of
Consumer
durables
40.799999999999997 52
20.6
Purchase of
Car/Motor
Vehicle
-32.950000000000003 -17

Purchase of
House
7.25

Others
7.3

16.7
6. Buying
Conditions
Index: Current
Quarter
Buying
Conditions
Index
34.866666666666703 38.5
50.325000
Consumer
Durables
40.15

Motor Vehicle
16.425000000000001 23
43.6
House & Lot
48.024999999999999 42.5
57.375
7. Buying
Intention
Index: Next 12
Months
Buying
Intentions
Index
45.283333333333303 45.8333333333333
56.416666
Consumer
Durables
51.95

59.424999
Motor Vehicle
35.200000000000003 32
57.375
House & Lot
48.7
50.5
52.45
8. Indices on
Selected
Economic
Indicators:
Next 12
Months
Unemployment
Rate Index
-12.5

34.299999
Interest Rate
Index for
Borrowing
Money
28.9
-4
-47.058823
Exchange Rate
-53.9
-72
47.058823
Change in Price
Index
11.741666666666699 27.8333333333333
52.291666
9. Sectors
Contribution to
price changes
over the next
12 months
Food
-50
-14
25.5
Clothing &
Footwaer

74.5
Electricity
7.9
-4
56.8
Water
-5.2
-18
45.1
House Rent

84.3
Transportation
46.1

80.400000
Communication 5.3

39.200000
Education
-7.9

56.9
Medical Care
17.100000000000001 32
60.8
Personal Care
14.5

15.7
Hotel &
Restaurant
10.5

56.9
Others
31.6

31.4
10. Percentage
of Respondents
by Educational
Attainment
Primary School 13.2

9.8000000
Junior School
5.3

3.9
Senior School
22.4

13.7
Higher nonuniversity
education
38.200000000000003 30
35.299999
University
11.8

37.299999
None
9.1999999999999993 8

11. Total
Sample
Households
and Response
Rate
Number of
Sample
Households

Number of
Respondents

Response Rate

66.6666666666667

Source: Central
Bank of Nigeria
Return to Menu
Table E.2.1.3:
Consumer
Expectations
Survey - North
West

Q2
Q3
Q4
1. Zonal
Consumer
Outlook:
Composite
Index
Confidence
Index:
Current
Quarter
-12.6
-21.016666666666701 -6.8666666
Next Quarter
13.95

29.35
Next 12
months
24.9166666666667
31.683333333333302 36.75
2. Consumer
outlook indices
on the current
economic and
family
condition:
Current
Quarter
Economic
Condition
-16.3
-20.399999999999999 -4.5999999
Under N
20,000 per
month
27.619047619047599 -25
-3.9215686
Between N
20,000 and N
50,000 per
month
17.213114754098399 -15.714285714285699 2.9411764
Between
N50,001 and
N100,000 per
month
25.531914893617
-22.2222222222222
-21.428571
Over N
100,000 per
month

-25
-25
Family
Financial
Situation
-11
-25.35
-16.7
Under N
20,000 per
month
-8.6538461538461497 -12.5
-17.647058
Between N
20,000 and N
50,000 per
month
-10.2459016393443
-22.5
-22.058823
Between N
50,001 and N
100,000 per
month
-20.212765957446798 -4.5
-7.1428571
Over N
100,000 per
month
-4.1666666666666696 1.5

Family Income
-10.5
-17.3
0.6999999
Under N
20,000 per
month
-30.476190476190499 -10.714285714285699 5.8823529
Between N
20,000 and N
50,000 per
month
9.0163934426229506 -18.571428571428601 7.3529411
Between N
50,001 and N
100,000 per
month
-12.7659574468085
-22.2222222222222
-19.047619
Over N
100,000 per
month
-25
-50
-30
3. Consumer
outlook indices
on economic
and family
condition: Next
Quarter
Economic
Condition
27.85
11.3
17.350000
Under N
20,000 per
month
24.757281553398101 4.5454545454545503 13.461538
Between N
20,000 and N
50,000 per
month
34.545454545454497 14.285714285714301 21.052631
Between
N50,001 and
N100,000 per
month
27.173913043478301 15

Over N
100,000 per
month
13.461538461538501 30
3.3333333
Family
Financial
Situation
-3.1
-9.3000000000000007 12.7
Under N
20,000 per
month
-18.446601941747598 -12.7272727272727
1.9230769
Between N
20,000 and
N50,000 per
month
7.20720720720721
-5.71428571428571
24.561403
Between
N50,001 and
N100,000 per
month
6.5217391304347796 -20
11.538461
Over N100,000
per month
-3.8461538461538498 20
6.6666666
Family Income
17.100000000000001 22

Under N20,000
per month

1.8181818181818199 61.538461
Between
N20,000 and
N50,000 per
month
21.818181818181799 37.142857142857203 57.894736
Between
N50,001 and
N100,000 per
month
31.818181818181799 45
61.538461
Over N
100,000 per
month
45.8333333333333
-60

4. Consumer
outlook indices
on economic
and family
condition: Next
12 Months
Economic
Condition
40.549999999999997 27.05
25.3
Under N
20,000 per
month
39.873417721518997 22.093023255814
19.736842
Between N
20,000 and N
50,000 per
month
51.612903225806399 24.6376811594203
31.25
Between N
50,001 and N
100,000 per
month
38.3116883116883
30.3571428571429

Over N
100,000 per
month

Family
Financial
Situation
17.100000000000001 2
17.3
Under N
20,000 per
month
2.5641025641025701 4.65116279069768

Between N
20,000 and N
50,000 per
month
28.260869565217401 -10.144927536231901 26.5625
Between N
50,001 and N
100,000 per
month
19.480519480519501 25
26.666666
Over N
100,000 per
month
17.1428571428571

5.5555555
Family Income
17.100000000000001 66
67.650000
Under N
20,000 per
month
-1.2820512820512799 65.116279069767401 -44.642857
Between N
20,000 and N
50,000 per
month
15.2173913043478
69.565217391304401 -34.057971
Between N
50,001 and N
100,000 per
month
35.526315789473699 60.714285714285701 -16.666666
Over N
100,000 per
month
27.272727272727298 60
-9.5238095
5. Confidence
Index on
Amount of
Expenditures:
Next 12
months
Average
19.309090909090902 17.0772727272727
22.086363
Food & Other
household
needs
67.55

63.35
Education
67.150000000000006 67

Debt Payment
30.45
16.100000000000001 33
Medical
Expenses
50.55
41.7
48.65
Savings
7.9
-0.3
5.3
Purchase of
Appliances
-3.5
18.649999999999999 24
Investment
7.7
-6.65

Purchase of
Consumer
durables
6.65
3.35
4.3
Purchase of
Car/Motor
Vehicle
-15.45
-16.399999999999999 9.4
Purchase of
House
-13.9
-4.3
-8.0500000
Others
7.3
2.7

6. Buying
Conditions
Index: Current
Quarter
Buying
Conditions
Index
52.158333333333303 38.608333333333299 46.616666
Consumer
Durables
81.150000000000006 41.35
50.35
Motor Vehicle
38.1
38.325000000000003 44.65
House & Lot
37.225000000000001 36.15
44.85
7. Buying
Intention
Index: Next 12
Months
Buying
Intentions
Index
49.108333333333299 49.266666666666701 54.274999
Consumer
Durables
58.55

58.65
Motor Vehicle
44.55
47.35

House & Lot
44.225000000000001 49.45
50.174999
8. Indices on
Selected
Economic
Indicators:
Next 12
Months
Unemployment
Rate Index
41.3

33.049999
Interest Rate
Index for
Borrowing
Money
39.200000000000003 34
-21.3
Exchange Rate
-33.299999999999997 -29.3
38.700000
Change in Price
Index
35.641666666666701 41.616666666666703 50.8
9. Sectors
Contribution to
price changes
over the next
12 months
Food
14.4

37.299999
Clothing &
Footwaer
23.4

Electricity
28.3

49.3
Water
5.9
24.7
48.7
House Rent
68.599999999999994 78.7
66.7
Transportation
49.3
56.7
69.400000
Communication 18.2

51.4
Education
49.7
51.3
58.7
Medical Care
52.1
62.6

Personal Care
40.200000000000003 26.7
30.7
Hotel &
Restaurant
52.1
46.7

Others
25.5

37.4
10. Percentage
of Respondents
by Educational
Attainment
Primary School 8.6999999999999993 6
8.6666666
Junior School
3.1

Senior School
15.4
12.7
13.333333
Higher nonuniversity
education
39.9
47.3

University
29.4
23.3

None
3.5
6.7

11. Total
Sample
Households
and Response
Rate
Number of
Sample
Households

Number of
Respondents

Response Rate
95.3333333333333

Source: Central
Bank of Nigeria
Return to Menu
Table E.2.1.4:
Consumer
Expectations
Survey - South
East

Q2
Q3
Q4
1. Zonal
Consumer
Outlook:
Composite
Index
Confidence
Index:
Current
Quarter
-26.6
-33.133333333333297 -29.8
Next Quarter
19.966666666666701 22.1666666666667
19.816666
Next 12
months
24.933333333333302 26.4
15.45
2. Consumer
outlook indices
on the current
economic and
family
condition:
Current
Quarter
Economic
Condition
-36.9
-39.450000000000003 -36.25
Under N
20,000 per
month
-41.772151898734201 -36.470588235294102 -40
Between N
20,000 and N
50,000 per
month
-33.3333333333333
-38.157894736842103 -31.914893
Between
N50,001 and
N100,000 per
month
-40.2777777777778
-58.823529411764703 -40
Over N
100,000 per
month
-47.727272727272698 -42.857142857142897 -50
Family
Financial
Situation
-29.4
-36.25
-25.75
Under N
20,000 per
month
-28.205128205128201 -31.5
-18.333333
Between N
20,000 and N
50,000 per
month
-34
-24.5
-30.319148
Between N
50,001 and N
100,000 per
month
-25
-6.5
-23.333333
Over N
100,000 per
month
-16.6666666666667
-4.5
-41.666666
Family Income
-13.5
-23.7
-27.4
Under N
20,000 per
month
-5.0632911392404996 -16.470588235294102 -33.333333
Between N
20,000 and N
50,000 per
month
-15.6862745098039
-27.6315789473684
-17.021276
Between N
50,001 and N
100,000 per
month
-27.7777777777778
-52.941176470588204 -53.333333
Over N
100,000 per
month
4.5454545454545396 0

3. Consumer
outlook indices
on economic
and family
condition: Next
Quarter
Economic
Condition
-4.0999999999999996 -8.1
-5.25
Under N
20,000 per
month
-10.5769230769231
-8.7301587301587293 -21.052631
Between N
20,000 and N
50,000 per
month
-6.0714285714285703 -4.0229885057471302 -1.8018018
Between
N50,001 and
N100,000 per
month
4.7297297297297298 -14.5833333333333
11.666666
Over N
100,000 per
month
2.2727272727272698 -22.727272727272702 -31.818181
Family
Financial
Situation
2.2999999999999998 -7.6
-13.7
Under N
20,000 per
month
8.1632653061224492 -1.5873015873015901 -28.947368
Between N
20,000 and
N50,000 per
month
2.9629629629629699 -6.8965517241379297 -3.6036036
Between
N50,001 and
N100,000 per
month
-1.31578947368421
-25
-30
Over N100,000
per month
4.7619047619047601 -9.0909090909090899 -18.181818
Family Income
61.7
82.2
78.400000
Under N20,000
per month

92.063492063492106 73.684210
Between
N20,000 and
N50,000 per
month
63.829787234042598 80.459770114942501 79.279279
Between
N50,001 and
N100,000 per
month
69.3333333333333
66.6666666666667
73.333333
Over N
100,000 per
month
54.545454545454497 72.727272727272705 100
4. Consumer
outlook indices
on economic
and family
condition: Next
12 Months
Economic
Condition
5.8
10.050000000000001 2.15
Under N
20,000 per
month
-25.675675675675699 7.4468085106383004 -26.5625
Between N
20,000 and N
50,000 per
month
3.3898305084745801 11.235955056179799 6.6037735
Between N
50,001 and N
100,000 per
month
22.471910112359598 10
22.972972
Over N
100,000 per
month
3.4090909090909101 10.714285714285699 -20
Family
Financial
Situation

1.6
-11.6
Under N
20,000 per
month

-4.2553191489361701 -43.75
Between N
20,000 and N
50,000 per
month
-4.2372881355932197 11.235955056179799 -1.8867924
Between N
50,001 and N
100,000 per
month
11.4942528735632
-8.5714285714285694 -10.810810
Over N
100,000 per
month
-2.2727272727272698 -14.285714285714301 -13.333333
Family Income

67.55
55.8
Under N
20,000 per
month
56.9444444444444
60.638297872340402 42.1875
Between N
20,000 and N
50,000 per
month
68.487394957983199 69.101123595505598 52.358490
Between N
50,001 and N
100,000 per
month
75.280898876404507 70
56.756756
Over N
100,000 per
month
68.181818181818201 75

5. Confidence
Index on
Amount of
Expenditures:
Next 12
months
Average
6.8636363636363598 6.9954545454545398 13.140909
Food & Other
household
needs

67.55
55.8
Education
63.6

61.1
Debt Payment
-8
8.0500000000000007 28.95
Medical
Expenses
12.85
23.75
33.4
Savings
5.45
2.7

Purchase of
Appliances
2.95
3.45
14.2
Investment
-8
-5.9
12.6
Purchase of
Consumer
durables
26.15
16.7

Purchase of
Car/Motor
Vehicle
-27.75
-43.25
28.95
Purchase of
House
-51.2
-47.8
-46.55
Others
-8.5500000000000007 -7.3
-52.9
6. Buying
Conditions
Index: Current
Quarter
Buying
Conditions
Index
30.966666666666701 25.6
32.017543
Consumer
Durables
43.25
38.15

Motor Vehicle
28.3
18.5
20.526315
House & Lot
21.35
20.149999999999999 15.526315
7. Buying
Intention
Index: Next 12
Months
Buying
Intentions
Index
37.508333333333297 37.65
38.245614
Consumer
Durables
50.5
50.8
60.263157
Motor Vehicle
40.674999999999997 30.95
26.973684
House & Lot
21.35
31.2
27.5
8. Indices on
Selected
Economic
Indicators:
Next 12
Months
Unemployment
Rate Index
47.65
48.4
38.15
Interest Rate
Index for
Borrowing
Money
14.6
28.1
-15.789473
Exchange Rate
-10.9
-35.6
36.315789
Change in Price
Index
48.2916666666667
64.283333333333303 60.066666
9. Sectors
Contribution to
price changes
over the next
12 months
Food
38.700000000000003 88.1
64.2
Clothing &
Footwaer
57.7
70.8
68.400000
Electricity
54.6
57.3
58.9
Water
31.6
41.1
47.3
House Rent

76.2
82.6
Transportation
67.099999999999994 81.7
83.1
Communication 19.600000000000001 46.5
52.1
Education
70.8
73.5
61.6
Medical Care
43.4
66.5
74.2
Personal Care
27.1

42.6
Hotel &
Restaurant
53.6
63.8
47.4
Others
36.299999999999997 58.9
38.4
10. Percentage
of Respondents
by Educational
Attainment
Primary School 7.1
4.9000000000000004 6.3
Junior School
1.4
9.1999999999999993 3.2
Senior School
25.4
16.2
22.6
Higher nonuniversity
education
18.3
31.9
27.4
University
46.4
37.799999999999997 38.4
None

2.1
11. Total
Sample
Households
and Response
Rate
Number of
Sample
Households

Number of
Respondents

Response Rate
98.3333333333333
92.5

Source: Central
Bank of Nigeria
Return to Menu
Table E.2.1.5:
Consumer
Expectations
Survey - South
South

Q2
Q3
Q4
1. Zonal
Consumer
Outlook:
Composite
Index
Confidence
Index:
Current
Quarter
-31.75
-19.733333333333299 -28.55
Next Quarter
10.966666666666701
26.133333333333301 -21.83333
Next 12
months
13.85
26.6
11.81666
2. Consumer
outlook indices
on the current
economic and
family
condition:
Current
Quarter
Economic
Condition
-37
-37.049999999999997 -41.25
Under N
20,000 per
month
-34.146341463414601
-36.956521739130402 -59.16666
Between N
20,000 and N
50,000 per
month
-38.970588235294102
-37.735849056603797 -13.26530
Between
N50,001 and
N100,000 per
month
-53.571428571428598
-38.571428571428598 -48.4375
Over N
100,000 per
month
-22.2222222222222
-32.352941176470601 -100
Family
Financial
Situation
-20.45
-10.25
-7.7
Under N
20,000 per
month
-17.0731707317073
-9
-17.5
Between N
20,000 and N
50,000 per
month
-20.588235294117599
-5
-5.102040
Between N
50,001 and N
100,000 per
month
-21.428571428571399

3.125
Over N
100,000 per
month
-22.2222222222222
-1.5

Family Income
-37.799999999999997
-11.9
-36.70000
Under N
20,000 per
month
-41.463414634146297
-10.869565217391299 -48.33333
Between N
20,000 and N
50,000 per
month
-47.058823529411796
-20.754716981132098 -24.48979
Between N
50,001 and N
100,000 per
month
-14.285714285714301
11.4285714285714
-31.25
Over N
100,000 per
month
-11.1111111111111
-35.294117647058798 -100
3. Consumer
outlook indices
on economic
and family
condition: Next
Quarter
Economic
Condition
-11.5
2.2999999999999998 -13.4
Under N
20,000 per
month

-2.8571428571428599 -29.54545
Between N
20,000 and N
50,000 per
month
-11.9402985074627
-7.5
-8.196721
Between
N50,001 and
N100,000 per
month
-17.307692307692299
21.052631578947398 -2.777777
Over N
100,000 per
month
22.727272727272702
5.5555555555555598 0
Family
Financial
Situation
-31.9
-2
-30.3
Under N
20,000 per
month
-35.4838709677419
-2.8571428571428599 -48.33333
Between N
20,000 and
N50,000 per
month
-40.298507462686601
-1.6666666666666601 -24.48979
Between
N50,001 and
N100,000 per
month
-23.076923076923102
2.6315789473684199 -31.25
Over N100,000
per month
9.0909090909090899
-11.1111111111111
-100
Family Income
76.3
78.099999999999994 -21.8
Under N20,000
per month
80.645161290322605
77.142857142857096 49.05660
Between
N20,000 and
N50,000 per
month
77.611940298507406

44.56521
Between
N50,001 and
N100,000 per
month
65.384615384615401
81.578947368420998 48.27586
Over N
100,000 per
month
81.818181818181799
66.6666666666667
-5.882352
4. Consumer
outlook indices
on economic
and family
condition: Next
12 Months
Economic
Condition
-0.69999999999999596 16.25
2.049999
Under N
20,000 per
month
3.7037037037037002
8.8235294117647101 0
Between N
20,000 and N
50,000 per
month
-6.4516129032257998
9.4827586206896601 0
Between N
50,001 and N
100,000 per
month
-7.4074074074074101
16.6666666666667
6.097560
Over N
100,000 per
month
22.2222222222222
32.258064516128997 16.66666
Family
Financial
Situation
-24.4
2.6
-22.6
Under N
20,000 per
month
-25
-23.529411764705898 -25
Between N
20,000 and N
50,000 per
month
-32.258064516128997
3.44827586206896
-13.79310
Between N
50,001 and N
100,000 per
month
-34.615384615384599
4.4444444444444402 -31.70731
Over N
100,000 per
month
16.6666666666667
12.9032258064516
-33.33333
Family Income
66.650000000000006
60.95

Under N
20,000 per
month
66.071428571428598
52.941176470588204 57.5
Between N
20,000 and N
50,000 per
month
72.950819672131104
62.931034482758598 55.17241
Between N
50,001 and N
100,000 per
month
68.518518518518505
56.6666666666667
54.87804
Over N
100,000 per
month
47.2222222222222
67.741935483871003 66.66666
5. Confidence
Index on
Amount of
Expenditures:
Next 12
months
Average
1.5409090909090899
14.56
-12.9
Food & Other
household
needs
66.650000000000006
14.56

Education
55.8
60.95
47.55
Debt Payment
-1.9000000000000099
62.6
-23.2
Medical
Expenses
34.799999999999997
-5.95
34.54999
Savings
34.799999999999997
22.25
-18.64999
Purchase of
Appliances
-26.7
23.5
-24.65
Investment
-26.25
-4.7
-38.4
Purchase of
Consumer
durables
-2.6500000000000101
30.8
-7.4
Purchase of
Car/Motor
Vehicle
-46.95
12.05
-69.8
Purchase of
House
-58.05
-29.5
-76.40000
Others
-12.6
-26.4
-21.5
6. Buying
Conditions
Index: Current
Quarter
Buying
Conditions
Index
20.191666666666698
31.058333333333302 15.35
Consumer
Durables
31.1
44.05
31.65
Motor Vehicle
16.5
24.625
6.674999
House & Lot
12.975
24.5
7.724999
7. Buying
Intention
Index: Next 12
Months
Buying
Intentions
Index
23.774999999999999
42.2083333333333
21.42500
Consumer
Durables
37.799999999999997
51.3
38.70000
Motor Vehicle
18.725000000000001
36.6
13.225
House & Lot
14.8
38.725000000000001 12.35
8. Indices on
Selected
Economic
Indicators:
Next 12
Months
Unemployment
Rate Index
57.4
49.05

Interest Rate
Index for
Borrowing
Money
33.299999999999997
7.3
-62
Exchange Rate
-57.1
-25.1

Change in Price
Index
44.683333333333302
49.616666666666703 49.05833
9. Sectors
Contribution to
price changes
over the next
12 months
Food
60.7
65.5
83.1
Clothing &
Footwaer
43.7

65.5
Electricity
28.9
46.4
45.1
Water

15.9
-5
House Rent
69.599999999999994
88.1
61.9
Transportation
72.599999999999994
58.9
41.5
Communication 23.7
10.6
24.7
Education

47.7
49.3
Medical Care
45.9
43.1
54.3
Personal Care

52.1
Hotel &
Restaurant
43.7
72.2
71.09999
Others
30.4

45.1
10. Percentage
of Respondents
by Educational
Attainment
Primary School 8.9
8.6
15.5
Junior School
3.7

4.900000
Senior School
14.8
20.5
31.7
Higher nonuniversity
education
45.9
29.1
21.8
University
26.7
38.4
23.9
None

1.3
0.7
11. Total
Sample
Households
and Response
Rate
Number of
Sample
Households

Number of
Respondents

Response Rate

94.375
88.75
Source: Central
Bank of Nigeria
Return to Menu
Table E.2.1.6:
Consumer
Expectations
Survey - South
West

Q2
Q3
Q4
1. Zonal
Consumer
Outlook:
Composite
Index
Confidence
Index:
Current
Quarter
-20.85
-16.066666666666698 -15.86666
Next Quarter
25.816666666666698
23.616666666666699 24.86666
Next 12
months
22.766666666666701
31.266666666666701 22.9
2. Consumer
outlook indices
on the current
economic and
family
condition:
Current
Quarter
Economic
Condition
-48.9
-37.700000000000003 -37.95000
Under N
20,000 per
month
-52.054794520547901
-34
-24.39024
Between N
20,000 and N
50,000 per
month
-54.081632653061199
-42.473118279569903 -23.38709
Between
N50,001 and
N100,000 per
month
-41.538461538461497
-33.783783783783797 -41.96428
Over N
100,000 per
month
-33.695652173912997
-40.322580645161302 -59.64912
Family
Financial
Situation
-11.65
-7.3
-11.55
Under N
20,000 per
month
-19.387755102040799
-18.627450980392201 -8.536585
Between N
20,000 and N
50,000 per
month
-11.8556701030928
-23.655913978494599 -12.90322
Between N
50,001 and N
100,000 per
month
-3.125
5.4054054054054097 -10.71428
Over N
100,000 per
month
3.3333333333333299
-8.0645161290322598 -13.15789
Family Income
-2
-3.2
1.9
Under N
20,000 per
month
-20.5479452054795
1.9607843137254899 -7
Between N
20,000 and N
50,000 per
month
9.1836734693877595
-3.2608695652173898 7
Between N
50,001 and N
100,000 per
month
4.6153846153846203
-5.4054054054053999 6
Over N
100,000 per
month
4.3478260869565197
-6.4516129032257998 -2
3. Consumer
outlook indices
on economic
and family
condition: Next
Quarter
Economic
Condition
-10.45
-4.25
-4.599999
Under N
20,000 per
month
-13.3928571428571
-25
-6.944444
Between N
20,000 and N
50,000 per
month
-16.208791208791201
-12.209302325581399 0.909090
Between
N50,001 and
N100,000 per
month
-1.0526315789473699
11.0294117647059
6.603773
Over N
100,000 per
month

2.5423728813559299 -15.97222
Family
Financial
Situation
8.3000000000000007
5.6
11.1
Under N
20,000 per
month
-8.1081081081081106
13.8888888888889

Between N
20,000 and
N50,000 per
month
10.439560439560401
4.65116279069768

Between
N50,001 and
N100,000 per
month
27.173913043478301
-1.47058823529412

Over N100,000
per month
6.0606060606060597
10.1694915254237
-2
Family Income
79.599999999999994
69.5
68.09999
Under N20,000
per month
81.415929203539804
60.7843137254902
38.88888
Between
N20,000 and
N50,000 per
month
83.977900552486204
69.892473118279597 61.81818
Between
N50,001 and
N100,000 per
month
80.645161290322605
71.6216216216216
83.01886
Over N
100,000 per
month
65.151515151515099
77.419354838709694 76.38888
4. Consumer
outlook indices
on economic
and family
condition: Next
12 Months
Economic
Condition
-1.55
13.9
-3
Under N
20,000 per
month
-11.0526315789474
-24.137931034482801 5.357142
Between N
20,000 and N
50,000 per
month
-14.080459770114899
-19.7368421052632
-15.17857
Between N
50,001 and N
100,000 per
month
15.5339805825243
9.1549295774647899 14
Over N
100,000 per
month
15.662650602409601
19.178082191780799 -7.926829
Family
Financial
Situation
7.6
10.4
17.60000
Under N
20,000 per
month

13.7931034482759

Between N
20,000 and N
50,000 per
month
10.4651162790698
11.842105263157899 10
Between N
50,001 and N
100,000 per
month
13.8613861386139

Over N
100,000 per
month
2.4096385542168601
17.808219178082201 11
Family Income
62.25
69.5
54.1
Under N
20,000 per
month
59.8958333333333
61.5
46.42857
Between N
20,000 and N
50,000 per
month
64.942528735632195
71.052631578947398 61.60714
Between N
50,001 and N
100,000 per
month
60.679611650485398
69.014084507042298 59
Over N
100,000 per
month
63.855421686747
76.712328767123296 48.78048
5. Confidence
Index on
Amount of
Expenditures:
Next 12
months
Average
14.2681818181818
4.0227272727272698 13.12272
Food & Other
household
needs
62.25
61.5
54.1
Education

56.4
62.25
Debt Payment
-0.70000000000000295 -22.3
-7.1
Medical
Expenses
10.199999999999999
-17.5
-1.9
Savings
20.3
10.4
16.8
Purchase of
Appliances
-0.100000000000001
-11.45
-1.45
Investment
9.1
3.4

Purchase of
Consumer
durables
10.15
6.6

Purchase of
Car/Motor
Vehicle
-7.3
-11.8
4.25
Purchase of
House
-12.25
-15
-4.599999
Others
5.3
-16

6. Buying
Conditions
Index: Current
Quarter
Buying
Conditions
Index
38.816666666666698
45.141666666666701 45.97500
Consumer
Durables

48.4
50.95
Motor Vehicle
35.549999999999997
43.75
43.65
House & Lot
31.9
43.274999999999999 43.32500
7. Buying
Intention
Index: Next 12
Months
Buying
Intentions
Index
44.608333333333299
45.225000000000001 58.1
Consumer
Durables
53.8
31.95
58.8
Motor Vehicle
41.15
52.524999999999999 64.22499
House & Lot
38.875
51.2
51.27499
8. Indices on
Selected
Economic
Indicators:
Next 12
Months
Unemployment
Rate Index
51.95
33.299999999999997 30.3
Interest Rate
Index for
Borrowing
Money
16.3
8.1
-23.6
Exchange Rate
-33.299999999999997
-19.7
25.4
Change in Price
Index
51.841666666666697
43.966666666666697 35.24166
9. Sectors
Contribution to
price changes
over the next
12 months
Food
66.7
68.7
62.5
Clothing &
Footwaer
59.8
40.9
52.3
Electricity
51.5
37.700000000000003 44.5
Water

25.7
24.1
House Rent
80.2
64.7
60.7
Transportation
68.5
60.3
50.4
Communication 34.799999999999997
13.7
13.4
Education

56.7

Medical Care
45.2
45.7
27.3
Personal Care
40.200000000000003
36.9
18.60000
Hotel &
Restaurant

41.3
23.2
Others
28.2
35.299999999999997 7.9
10. Percentage
of Respondents
by Educational
Attainment
Primary School 7.4
3.2
4.599999
Junior School
5.7
4.4000000000000004 6
Senior School
24.6
20.100000000000001 21.3
Higher nonuniversity
education
26.1
26.5
30.1
University
34.299999999999997
44.6
36.6
None
1.3
0.8
1.4
11. Total
Sample
Households
and Response
Rate
Number of
Sample
Households

Number of
Respondents

Response Rate

99.6
86.4
Source: Central
Bank of Nigeria
Return to
Menu
Table E.3.1:
Inflation
Attitudes
Survey (Per
cent)

Q2
Q3
Q4
Q.1
Generally,
prices of
items that
were sold
N1,000 a
year ago now
sells for?
Less than
N1000

5.0999999999999996 6.5
N1000
6.2
12.5
8.8000000000
N1010 to
N1030
4.7
21.5

Above N1030 74.8
53.3
40.799999999
No idea
10.1
7.6
14.8
Median (%)

2.8827586206
Q. 2 How
much will
you expect
prices of
items that
are currently
sold for
N1,000 to
change in the
next 12
months?
Less than
N1000
15.7
22.6
16.5
N1000
8.6999999999999993 10.199999999999999 8
N1010 to
N1030
6.9
20.5
28.3
Above N1030 54.8
34.6
32.6
No idea
13.6
12.1
14.6
Median (%)

2.0878048780487801 2.2862190812
Q. 3 If prices
started to rise
faster than
they do now,
do you think
Nigeria's
economy
would...?
End up
stronger

9.6999999999999993 7.9
Make no
difference

21.5
Be weak
65.099999999999994 65.400000000000006 55.2
Don't know
12.5
11.9
15.3
Q. 4 What do
you think of
this year's
Government
anticipated
inflation
rate?
Too high
45.7
45.8
45.3
Too low
20.5
17.7
21.4
About right
13.9
16.2
12.6
No idea
19.2

20.7
Q. 5 How has
interest on
bank loans
changed over
the last 12
months?
Risen
significantly
Risen
marginally
No change
Fallen
marginally
Fallen
significantly
No idea
Total saying
'rise'
60.2
59.8
57.9
Total saying
'fall'
12.1
9.1

Net rise
48.1
50.7
47.9
Q. 6 How
would you
expect
interest rates
to change
over the next
12 months?
Rise a lot
Rise a little
Stay about
the same
Fall a little
Fall a lot
No idea
Total saying
'rise'
38.799999999999997 36
39.299999999
Total saying
'fall'

27.9
Net rise
6.8

11.4
Q. 7 What do
you think
would be
best for the
NIgerian
economy, for
lending
interest rates
to rise or to
fall?
Go up
13.7
14.1
16.3
Go down
52.4
54.5

Remain
unchanged
12.7
17.5
15.4
No idea
13.1
13.8
17.3
Q. 8a And
which would
be best for
you
personally,
for interest
rates to...*
Go up

13.9
12.2
Go down
67.599999999999994 75.2
68.400000000
Make no
difference
9.1
10.4
17.3
No idea
8.9

2.1
Q. 8b Do you
agree with
the following
statements?
a) rise in
interest rates
would make
prices in the
street rise
slowly in the
short term -
say a month
or two.
Agree
strongly
21.3
23.8
18.8
Agree
32.200000000000003 33.6
32.5
Neither agree
nor disagree
12.8
11.7
15.3
Disagree
13.8
14.1
14.5
Disagree
strongly
7.2
6.2
5.2
Don't know
12.1
10.5
13.8
Total agree
53.5
57.4
51.3
Total
disagree

20.3
19.7
Net agree
32.5
37.1
31.6
8c A rise in
interest rates
would make
prices in the
street rise
more slowly
in the
medium term
- say a year
or two
Agree
strongly
14.8
17.100000000000001 11.7
Agree
32.5
34.799999999999997 32.9
Neither agree
nor disagree
14.1
12.3
16.399999999
Disagree
15.2
17.8
15.8
Disagree
strongly
8.5
5.3
8.4
Don't know
6.7
12.4
14.9
Total agree
47.3
51.9
44.6
Total
disagree
23.7
23.1
24.2
Net agree
23.6
28.8
20.399999999
Q.9 If a
choice had to
be made,
either to
raise interest
rates to try to
keep
inflation
down; or
keep interest
rates down
and allow
inflation to
rise, which
would you
prefer?
Interest rates
to rise
48.2
50.8
52.7
Interest rate
to fall
14.1
14.8
15.9
No idea
36.799999999999997 34.1
31.3
Q.10 Which
group of
people meets
to set
Nigeria's
monetary
policy rate?
Monetary
Policy
Committee
55.9
59.5
61.2
The
Government
9.4

Federal
Ministry of
Finance
8.6999999999999993 10.5
9.5
National
Assembly

2.4
3.2
Others
1.2

Don't know

19.2

Q.11 Which
of these
groups do
you think
influences
the direction
of the
interest
rates?
Government
ministers
3.1
2.4
4.3
Civil servants 2.8
1.8
2.4
CBN
76.900000000000006 82.3
77.5
Banks
3.4
3.5
4.5
No idea
13.1
9.8000000000000007 11.2
Q.12 Which
of the
following
best
describes the
independence
of the
Monetary
Policy
Committee?
Influenced by
the
Government
Influenced by
the federal
ministry of
finance
Influenced by
National
Assembly
Not
influenced by
any arm of
Government
No idea
Q.13 Overall,
how satisfied
or
dissatisfied
are you with
the way the
Central Bank
of Nigeria
Very satisfied 20.2
27.1
21.4
Fairly
satisfied
44.6
44.6
41.6
Neither
satisfied nor
dissatisfied
12.4
12.3
17.600000000
Fairly
dissatisfied**
Very
dissatisfied
12.8
8.4
8.6
No idea
9.1999999999999993 7.1
8.6999999999
Total
satisfied
64.8
71.7

Total
dissatisfied
12.8
8.4
8.6
Net satisfied

63.3
54.4
Source:
Central Bank
of Nigeria
Note: Revised
template by
Q4, 2017;
however,
time series
data on
variables are
continued.
*Question
was
discontinued
at Q4, 2017.
**Introduced
at Q4, 2017.
Return to
Menu
E.4.1:
Credit
Conditions
Survey -
Secured
Lending

Q2
Q3
Q4
1(a). How
has demand
for secured
lending for
house
purchase
from
Households
changed
Current
quarter

53.951296136279602 20
Next
quarter

57.464030470231101 30
of which:
Demand for
prime
lending
Current
quarter
11.1082671896032
35.025125062336301 16
Next
quarter
33.031066154038001
35.836620027887903 20
of which:
Demand for
buy to let
lending
Current
quarter
-10.099897192696501
18.160760158141201 3.7
Next
quarter
16.758029914621101
37.294069940058598 -21
of which:
Demand for
other
lending
Current
quarter
10.187554093076599
24.9572148667344

Next
quarter
45.562649825395802
38.643829958643799 22
1(b). How
has demand
for secured
lending for
consumer
loans from
households
changed
Current
quarter
31.9660336592306
57.009073512214897 42
Next
quarter
59.1252889256101
42.407855118549698 42
1(c). How
has demand
for secured
lending for
mortgage/
re-mortgate
from
households
changed
Current
quarter
-1.38303197293249
27.6114357417806
1.0
Next
quarter
28.683206220267898
23.678766744487199 19
2. How has
demand for
secured
lending for
small
businesses
from
households
changed
Current
quarter
28.672160815573001
15.032495066823699 26
Next
quarter
45.952924872123504
36.627851264264599 15
3. How
have credit
scoring
creteria for
granting
loan
applications
by
households
changed
Current
quarter
-5.5730358107596502E-2 2.5264828126964001 0.8
Next
quarter
-0.37402942399876699
4.2205929608590198 3.6
4. How has
the
proportion
of
household
loan
applications
being
approved
changed
Current
quarter
30.9424174467527
35.934892331449099 14
Next
quarter
55.6905831311851
41.480105424916403 31
5(a). How
have the
overall
secured
lending
spreads
changed
Current
quarter

-6.0804693749617504 -1.
Next
quarter
35.361132953518997
-7.04206789817757
-0.
of which:
Spreads on
prime
lending
Current
quarter
5.4052622577743898
1.8353402708081801 1.4
Next
quarter
3.5486697856839702
5.4318602184617601 5.8
of which:
Spreads on
buy to let
lending
Current
quarter
6.4170429316991298
5.2129231714192201 -0.
Next
quarter
0.73625314687473697
1.5392182259893601 -0.
of which:
Spreads on
other
lending
Current
quarter
6.4612150559949404
6.72813265838791
-0.
Next
quarter
0.74132119236906802
0.367900831646711
7.1
5(b). How
have fees
on secured
lending
changed
Current
quarter
10.0626566544573
-2.8907203145487399 -6.
Next
quarter
5.1688342240026204
-2.9760760007696399 0.1
5(c). How
have the
maximum
loan to
value ratios
changed
Current
quarter
-0.29709750500920501

-0.
Next
quarter
-2.2154090435578899
-10.2333200509508
-0.
5(d). How
have the
maximum
loan to
income
ratios
changed
Current
quarter
-0.40240142969658499
-4.1941320409568501 -5.
Next
quarter
-6.8134811501100803
-8.8204618618923796 -4.
6. How has
the
availability
of secured
credit
provided to
households
changed
Current
quarter
-33.7394261417476
-18.8986067930948
-25
Next
quarter
-49.920264483503999
-22.4113107783331
-18
Factors
contributing
to changes
in credit
availability
Changing
economic
outlook
Current
quarter
-33.527029653246899
-22.669533616656
-14
Next
quarter
-52.842428184216303
-10.377214258655499 -18
Market
share
objectives
Current
quarter
-51.890928475029497
-34.237619217312798 -33
Next
quarter
-63.708246699572101
-19.622467437826899 -32
Changing
appetite for
risk
Current
quarter
-38.713428896440298
-34.419034068452902 -5.
Next
quarter
-54.193199171361499
-22.8145004022854
-11
Tight
wholesale
funding
conditions
Current
quarter
0.77352490176505295
-15.6188463801445
-4.
Next
quarter
-1.1499274834283399
2.5940149230829501 -8.
Changing
liquidity
positions
Current
quarter
-26.1617874167103
1.08441599440753
-18
Next
quarter
-48.082353026302997
19.466997278910199 -15
7. Has the
default rate
on secured
loans to
households
changed
Current
quarter
-19.7913723468196
1.50992442143007
7.4
Next
quarter
-36.815938324951503
-25.103222606949799 -12
8. How
have losses
given
default to
households
changed?
Current
quarter
-27.735304803896401
-2.9599132501222698 -2.
Next
quarter
-32.317814586906998
-18.777197190413599 -16
9. How has
the average
credit
quality of
new
secured
lending to
households
changed
Current
quarter
37.730711557863899
23.710824015612801 23
Next
quarter
40.712691046251798
32.760961200714497 26
10. How
has the
availability
of
households
secured
credit to the
following
types of
borrowers
changed:
Borrowers
with low
loan to
value ratios
(75% or
less)
Current
quarter
20.793811430382899
-13.4610685476367
7.2
Next
quarter
24.742478897273799
-5.9556275646128096 11
Borrowers
with high
loan to
value ratios
(more than
75%)
Current
quarter
13.7299803523051
-2.6288360711961101 10
Next
quarter
15.2771152283056
-5.17474319955637
2.4
Source:
Central
Bank of
Nigeria
Return to
Menu
E.4.2:
Credit
Conditions
Survey -
Unsecured
Lending

Q2
Q3
Q4
1(a). How
has demand
for
unsecured
credit cards
lending
from
households
changed
Current
quarter
28.454136821142399
-3.0647061582256501 18.72
Next
quarter
34.472353061076703
-13.2411461885725
25.85
1(b). How
has demand
for
unsecured
overdraft/
personal
loans from
households
changed
Current
quarter
9.1583682832508799
15.7899827694536
3.282
Next
quarter
11.7266773516859
-2.4408403534439
3.188
1(c). How
has demand
for total
unsecured
lending
from
households
changed
Current
quarter
7.5224086987009304
14.998060186028299 2.901
Next
quarter
7.6501246578261197
-3.2865976032535098 -6.82
2(a). How
has demand
for
unsecured
credit cards
lending
from small
businesses
changed
Current
quarter
11.2656506258274
2.50531786490426
-3.73
Next
quarter
21.660431646745
18.749968938392001 -2.59
2(b). How
has demand
for
unsecured
overdraft/
personal
loans from
small
businesses
changed
Current
quarter
-5.7510862033068602 -16.922402306111401 0.919
Next
quarter
0.55401755000233799 -2.5840504229493599 7.410
2(c). How
has demand
for total
unsecured
lending
from small
businesses
changed
Current
quarter
-5.7510862033068602 -15.391933438861001 -14.1
Next
quarter
-4.3725142710938103 4.4893681788093103 -7.30
3(a). How
have credit
scoring
creteria for
granting
credit card
loan
applications
by
households
changed
Current
quarter
11.1404871517547
-2.0917464599697002 0.597
Next
quarter
-1.4588893006310999 0
14.29
3(b). How
have credit
scoring
creteria for
granting
overdraft/
personal
loan
applications
by
households
changed
Current
quarter
14.8392169436699
9.8594432839583206 2.713
Next
quarter
3.10774008299847
13.904981026782
13.62
3(c). How
have credit
scoring
creteria for
granting
total
unsecured
loan
applications
by
households
changed
Current
quarter
24.226279213333299
11.6401037503521
2.978
Next
quarter
24.226279213333299
16.516877807070699 14.95
4(a). How
has the
proportion
of
household
credit card
loan
applications
being
approved
changed
Current
quarter
43.921485011401998
26.9232337269131
29.86
Next
quarter
50.546149571905097
11.2962634615493
23.60
4(b). How
has the
proportion
of
household
overdraft/
personal
loan
applications
being
approved
changed
Current
quarter
19.144633508237199
40.084117771184196 7.345
Next
quarter
12.3637267952186
20.4396560028853
-2.75
4(c). How
has the
proportion
of
household
total loan
applications
being
approved
changed
Current
quarter
12.4758022337521
32.950172925045003 -5.37
Next
quarter
12.3637267952186
20.4396560028853
-2.75
5(a). How
have
spreads on
credit cards
changed?
Current
quarter
-5.6214678950041197 -7.9036750988561897 -4.16
Next
quarter
2.83623529901348
4.1834929199393898 9.813
5(b). How
have
spreads on
overdraft/
personal
loans
changed?
Current
quarter
-10.696372330516599 -9.9638143819603204 3.822
Next
quarter
-2.29320389491753
5.8362273788597303 12.03
5(c). How
have
spreads on
overall
unsecured
lending
changed?
Current
quarter
-10.4958303997138
-10.5552595777206
4.001
Next
quarter
-4.53457946112827E-2 6.1826618378195999 12.60
5(d). How
have
unsecured
credit card
limits
changed?
Current
quarter
-5.5433597670698802 2.9591932380467298 5.993
Next
quarter
-0.63278007901625

-3.41
5(e). How
has the
minimum
proportion
of credit
cards
balances to
be paid
changed?
Current
quarter
5.1830330885534703
1.49613944002151
8.644
Next
quarter
10.387129033811
3.3245617234243601 14.75
5(f). How
have
maximum
maturities
on loans
changed
Current
quarter
11.2327258973833
3.2475512716929398 6.427
Next
quarter
1.97029079047193
-1.7064160290146899 9.851
6. How has
the
availability
of
unsecured
credit
provided to
households
changed
Current
quarter
-25.576591820947499 -18.398697473432598 -16.1
Next
quarter
-20.657205035580201 -20.013868978735701 -21.5
Factors
contributing
to changes
in credit
availability
Changing
economic
outlook
Current
quarter
-36.098973052244801 -37.626826952612802 -16.0
Next
quarter
-27.095153024999199 -28.5272029996177
-16.0
Market
share
objectives
Current
quarter
-41.022122850709799 -35.306202410382099 -23.8
Next
quarter
-32.745571725559302 -30.3677804725884
-19.4
Changing
appetite for
risk
Current
quarter
-21.151999771166899 -24.674323776680499 -10.1
Next
quarter
-19.152305010334299 -24.3667999560566
-8.59
Changing
cost/
availability
of funds
Current
quarter
-35.123521992884399 -44.641104663349203 -27.8
Next
quarter
-28.4195626048005
-34.692564361870097 -25.4
7(a). How
has the
default rate
on credit
card loans
to
households
changed?
Current
quarter
-10.5251958227029
-29.728322278546099 -43.1
Next
quarter
-35.677860551843203 -23.842992692228499 -19.9
7(b). How
has the
default rate
on
overdraft/
personal
loans to
households
changed?
Current
quarter
-19.196522180742999 -19.224684537840101 -27.4
Next
quarter
-45.530236807088897 -24.414032776718798 -28.0
7(c). How
has the
default rate
on total
unsecured
loans to
households
changed?
Current
quarter
-10.851524692970999 -23.434690686811599 -30.5
Next
quarter
-32.562403284304899 -25.851998980452599 -29.2
8(a). How
have losses
given
default on
credit card
loans to
households
changed?
Current
quarter

-45.2802712040478
-29.6
Next
quarter
-14.909034113417899 -37.538919692344201 -23.1
8(b). How
have losses
given
default on
overdraft/
personal
loans to
households
changed?
Current
quarter
-5.2873865473097901 -34.3178435459714
-22.2
Next
quarter
-21.4443267163374
-29.7119088149474
-28.4
8(c). How
have losses
given
default on
total
unsecured
loans to
households
changed?
Current
quarter
-5.2873865473097901 -33.155576152441803 -24.9
Next
quarter
-21.4443267163374
-31.690957547572399 -24.7
9(a). How
has the
average
credit
quality of
new credit
card
lending to
households
changed?
Current
quarter
0.98872919960414896 30.025166545895502 -0.52
Next
quarter
0.830879541522902
25.093644681551002 -16.8
9(b). How
has the
average
credit
quality of
new
overdraft/
personal
lending to
households
changed?
Current
quarter
9.5587275161854297
26.4469851082745
19.41
Next
quarter
11.9477022306971
28.8423243652914
19.39
9(c). How
has the
average
credit
quality of
new total
unsecured
lending to
households
changed?
Current
quarter
9.5587275161854297
26.4469851082745
24.27
Next
quarter
11.9477022306971
28.8423243652914
24.79
Source:
Central
Bank of
Nigeria
Return to
Menu
E.4.3: Credit
Conditions
Survey -
Corporate
Lending

Q2
Q3
Q
1(a). How
has
availability
of credit
provided to
small
businesses
changed?
Current
quarter
-34.299686371170203
-28.484390628882199 -3
Next
quarter
-46.252500938525003
-21.212796107306001 -3
1(b). How
has
availability
of credit
provided to
medium
PNFCs
changed?
Current
quarter
-31.228217835768898
-21.2253762462141
-2
Next
quarter
-51.215483209897599
-24.871528066310098 -3
1(c). How
has
availability
of credit
provided to
large PNFCs
changed?
Current
quarter
-45.526127414547197
-38.913751808933
-4
Next
quarter
-38.739492354711103
-31.125825004286199 -3
1(d). How
has
availability
of credit
provided to
OFCs
changed?
Current
quarter
-13.5829988722192
-19.327523891924699 -1
Next
quarter
-19.9009965114025
-16.520844076007801 -2
2(a). How
has demand
for credit
cards
lending from
SMALL
BUSINESSES
changed?
Current
quarter
35.060867415819402
35.335319404153203 23
Next
quarter
45.3786259671921
29.037411848872001 39
2(b). How
has demand
for
overdraft/
personal
loans from
SMALL
BUSINESSES
changed?
Current
quarter
42.984208654892598
41.806188372801003 37
Next
quarter
48.388724534745798
38.207802336790401 40
2(c). How
has demand
for secured
lending from
SMALL
BUSINESSES
changed?
Current
quarter
42.222105151482403
42.3043105187596

Next
quarter
52.743197914768302
30.258122453114002 38
2(d). How
has demand
for lending
from
Medium
PNFCs
changed?
Current
quarter
48.7276465993573
40.431343557166301 33
Next
quarter
62.315672716584899
39.005659336768502 42
2(e). How
has demand
for lending
from Large
PNFCs
changed?
Current
quarter
50.650815506298002
45.612452966336797 37
Next
quarter
50.432917147485099
30.500195604537598 33
2(f). How
has demand
for lending
from OFCs
changed?
Current
quarter
30.886903785460099
39.618567139763201 20
Next
quarter
37.340998439921499
29.810174751629901 18
3. What
have been
the main
factors
contributing
to changes
in demand
for lending?
(a1 )Merger
and
acquisition
Current
quarter
-6.20226359029596
-38.138986714509699 -2
Next
quarter
5.8242969532875097
-20.3450775861144
-2
(a2 )Capital
Investments
Current
quarter
55.311074493947402
39.4887393627859

Next
quarter
48.549155628679003
22.726535770581201 23
(a3)
Inventory
Finance
Current
quarter
57.230938230783501
50.5306411197583

Next
quarter
61.642533014966801
41.072049196713998 40
(a4) Balance
sheet
restructuring
Current
quarter
6.0533386800962701
0.517042926094746
-1
Next
quarter
13.511173067813001
-2.7150614386929699 -1
(a5)
Commercial
Real Estate
Current
quarter
17.850672934435401
1.0620285609116999 -3
Next
quarter
17.850672934435401
1.0620285609116999 -3
4(a). How
has the
overall
availability
of credit to
the
corporate
sector
changed?
Current
quarter
-36.924693316757903
-46.060666405702399 -4
Next
quarter
-64.724154366008705
-48.964198377690998 -3
Of which:
Commercial
real estate
sector
Current
quarter
-19.335727143677801
-0.574130187788915
3.
Next
quarter
-28.280724364743101
-9.6325540306571895 -8
4(b). Factors
contributing
to changes
in credit
availability.
Changing
economic
outlook
Current
quarter
-63.612306137055803
-52.990166734127499 -4
Next
quarter
-51.4927513644718
-28.132355483371001 -3
Changing
sector
specific risks
Current
quarter
-47.650940875241801
-40.172694164865703 -4
Next
quarter
-50.780080914929798
-26.6029226277509
-3
Market share
objectives
Current
quarter
-44.331117810641999
-37.202844628081102 -3
Next
quarter
-38.196976424811403
-30.8613194446446
-3
Market
pressures
from capital
markets
Current
quarter
21.3992724454254
6.7271388860794197 27
Next
quarter
11.525079342807199
13.4656685535238

Changing
appetite for
risk
Current
quarter
-41.704785046904199
-39.503866074090503 -2
Next
quarter
-40.8949390193197
-19.291158619480001 -2
Tight
wholesale
funding
conditions
Current
quarter
-36.464362501679702
-44.333374261128398 -4
Next
quarter
-38.011256113785201
-30.085554646316002 -3
Changing
liquidity
conditions
Current
quarter
-52.4433149890273
-44.1813053154792
-4
Next
quarter
-53.732820626790001
-39.581482991712598 -4
4(c1 ). How
have
commercial
property
prices
affected
credit
availability
to the
commercial
real estate
sector?
Current
quarter
-4.6184915491482297
10.9277911571748
-7
Next
quarter
-5.2676653764580497
11.563421520648999 -1
4(c2 ). How
have
commercial
property
prices
affected
secured
lending to
PNFCs?
Current
quarter
-21.869501800504398
-7.0801472252078499 -5
Next
quarter
-22.111080121302098
-6.2940822929053999 -6
5(a). How
has the
proportion
of loan
applications
from small
businesses
being
approved
changed?
Current
quarter
37.289021062436298
29.260417516878402 24
Next
quarter
43.173155534276802
14.708660277319501 26
5(b). How
has the
proportion
of loan
applications
from
medium
PNFCs being
approved
changed?
Current
quarter
42.331873991954197
31.968566005855902 16
Next
quarter
48.827497776310601
21.264685803342701 18
5(c). How
has the
proportion
of loan
applications
from large
PNFCs being
approved
changed?
Current
quarter
41.425040284573797
43.712523665140097 2
Next
quarter
43.026345495037802
29.841823275741199 12
6(a1). How
have spreads
on loans to
small
businesses
changed?
Current
quarter
9.46370391202632
7.5384159792152303 -1
Next
quarter
9.1874258371513999
4.6205076587025502 -3
6(a2). How
have fees/
commissions
on loans to
small
businesses
changed?
Current
quarter
21.141770192662499
13.1768406895995
7.
Next
quarter
12.879888764827101
12.093286476001699 3.
6(a3). How
have
collataral
requirements
for loans to
small
businesses
changed?
Current
quarter
-7.8248088618868898
-12.10453469128
-1
Next
quarter
-7.8248088618868898
-16.3123419505676
-6
6(a4). How
have
maximum
credit lines
for loans to
small
businesses
changed?
Current
quarter
-18.577063254688699
-16.8123503879014
-1
Next
quarter
-18.836780518110601
-9.5667330035449201 -1
6(a5). How
have Loan
convenants
for loans to
small
businesses
changed?
Current
quarter
-8.0845261253087202
-13.5115670179747
-1
Next
quarter
-8.0845261253087202
-16.3123419505676
-1
6(b1). How
have spreads
on loans to
medium
PNFCs
changed?
Current
quarter
13.361016118071401
8.1873615706642102 -1
Next
quarter
0.667216269786855
1.7272968786484399 0.
6(b2). How
have fees/
commissions
on loans to
medium
PNFCs
changed?
Current
quarter
23.318862941496398
13.825786281048501 4.
Next
quarter
7.5404525399381397
12.093286476001699 1.
6(b3). How
have
collataral
requirements
for loans
tomedium
PNFCs
changed?
Current
quarter
-4.1570294694668997
-11.4555890998311
-9
Next
quarter
-3.9293295553665999
-16.5975270733834
-0
6(b4). How
have
maximum
credit lines
for loans to
medium
PNFCs
changed?
Current
quarter
-8.3934816437939599
-16.163404796452401 -1
Next
quarter
-12.302783714734
-9.5667330035449201 -1
6(b5). How
have Loan
convenants
for loans to
medium
PNFCs
changed?
Current
quarter
-8.3442433887305505
-11.7407742226469
-1
Next
quarter
-8.1509424356703892
-16.5975270733834
-1
6(c1). How
have spreads
on loans to
large PNFCs
changed?
Current
quarter
13.361016118071401
4.2465547664501901 -5
Next
quarter
4.7302750310264603
8.5431297951742806 -1
6(c2). How
have fees/
commissions
on loans to
large PNFCs
changed?
Current
quarter
27.246359597338301
8.7631322729556604 14
Next
quarter
14.9649267279888
12.093286476001699 3.
6(c3). How
have
collataral
requirements
for loans to
large PNFCs
changed?
Current
quarter
4.1481952876396999
-9.6091368721862107 -0
Next
quarter
-1.9563941170360799
-5.6865147357144803 -0
6(c4). How
have
maximum
credit lines
for loans
tolarge
PNFCs
changed?
Current
quarter
-16.369786056058
-4.4151595968729804 -2
Next
quarter
-24.819130687317301
-8.0742857984097203 -2
6(c5). How
have Loan
convenants
for loans to
large PNFCs
changed?
Current
quarter
-3.9018631623948301E-2 -11.016169198880799 -1
Next
quarter
-6.1436080362997201
-6.8083619395932802 -9
6(d1). How
have spreads
on loans to
OFCs
changed?
Current
quarter
10.5042088499199
8.4091076605878499 -1
Next
quarter
0.18784915676510999
6.8808980540996796 -9
6(d2). How
have fees/
commissions
on loans
toOFCs
changed?
Current
quarter
16.102208319953
14.4102050719118
8.
Next
quarter
1.04323279943162
13.225229189430101 4.
6(d3). How
have
collataral
requirements
for loans to
OFCs
changed?
Current
quarter
-4.9897583214723102
-5.8285150125004197 -1
Next
quarter
-4.9897583214723102
-1.2268531317984599 -1
6(d4). How
have
maximum
credit lines
for loans to
OFCs
changed?
Current
quarter
-10.399378831487599
-2.77534225491334
-1
Next
quarter
-5.8052854639580103
2.0001505342918602 -5
6(d5). How
have Loan
convenants
for loans
toOFCs
changed?
Current
quarter
-5.2871150835903098
-5.8285150125004197 0.
Next
quarter
-5.2871150835903098
-1.2268531317984599 -1
7(a). How
has the
default rate
on loans to
small
businesses
changed?
Current
quarter
-18.291355141581001
-26.048106559864301 -1
Next
quarter
-28.949656811237698
-31.839471303594799 -1
7(b) How
has the
default rate
on loans to
medium
PNFCs
changed?
Current
quarter
-21.216661982908501
-15.580223022238
-1
Next
quarter
-30.618667188383899
-21.312501725166001 -2
7(c). How
has the
default rate
on loans to
large PNFCs
changed?
Current
quarter
-21.216661982908501
-20.683646498570099 -1
Next
quarter
-34.5829977510258
-28.015706803547399 -2
7(d). How
has the
default rate
on loans to
OFCs
changed?
Current
quarter
-14.5352330022067
-22.584249913174499 -1
Next
quarter
-34.310235237739498
-25.995588024214602 -2
8(a). How
have losses
given default
on loans to
small
businesses
changed?
Current
quarter
-27.906134153264301
-2.8548491567726599 -2
Next
quarter
-43.5528643493831
-9.5546095824960293 -4
8(b). How
have losses
given default
on loans to
medium
PNFCs
changed?
Current
quarter
-34.408929478637198
-13.4137142162412
-2
Next
quarter
-43.5528643493831
-20.042528086319201 -4
8(c). How
have losses
given default
on loans to
large PNFCs
changed?
Current
quarter
-32.909538484831302
-18.710710615359801 -2
Next
quarter
-47.518878614765697
-26.999985825699099 -3
8(d). How
have losses
given default
on loans to
OFCs
changed?
Current
quarter
-16.868839658597501
-21.7773188614965
-1
Next
quarter
-33.7566888991322
-23.522856400388498 -2
9(a). Has
there been a
changed in
average
credit
quality on
newly
aranged
PNFCs
borrowing
facilities?
Current
quarter
18.566843631249299
24.442844913012198 23
Next
quarter
22.8715707521085
16.9529361657024

9(b). Has
there been
any change
in target
hold levels
associated
with
corporate
lending?
Current
quarter
20.183582076880199
4.9748161516948599 12
Next
quarter
25.331020290980501
2.7918527754312201 10
9(c). How
have loan
tenors on
new
corporate
loans
changed?
Current
quarter
15.774857554995201
10.5103717722175
2.
Next
quarter
15.987829557167199
2.7918527754312201 -0
9(d). Has
there been a
change in
draw down
on
committed
lines by
PNFCs?
Current
quarter
17.6920764988709
24.386270039672802 16
Next
quarter
18.178726220664402
17.789598246765401 20
Source:
Central Bank
of Nigeria
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E.5.1:
Purchasing
Managers'
Index -
Manufacturing
Month
Production Level
New Orders
Supplier Deliv
Time
41821
55.1666666666667


43070
63.2


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E.5.2:
Purchasing
Managers'
Index - Non
Manufacturing
Month
Business Activity
New orders
Employment


60.8