Understanding PMI (Purchasing Managers' Index)
Cede Research Team
Treasury Digest 6 April 2026
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Understanding PMI (Purchasing Managers' Index)
The Purchasing Managers' Index (PMI) is often overlooked, yet it remains one of the earliest and most reliable indicators of economic direction.
In this week's Treasury Digest, we break down how the PMI is calculated, how to interpret its signals, and what the latest reading means for Nigeria's economic outlook.
We also cover key developments in money market activity and FX movements across Nigeria, Kenya, and Ghana.
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