Business Confidence Index in Nigeria 2019-2020
The business confidence index provides information on the development in the production, sales, orders, and stocks in the main economic sectors. The data are based on the results of surveys conducted among companies. According to the source, the overall index is computed as the percentage share of firms that have an “improving outlook” minus the percentage share of firms that have a “deteriorating outlook”. In May 2020, the business confidence in Nigeria reached the lowest figure over the period of consideration (-66.2 points), decreasing considerably compared to the previous months.