Purchasing Managers’ Indices for several African economies rose in June, marking a return to growth as the economic drag from elevated energy costs receded.
The data suggests that private-sector activity is stabilizing across the continent, with economies from South Africa to Kenya showing renewed momentum.
The rebound comes as the economic toll of the Iran conflict dissipates, allowing businesses to operate with greater certainty.
With energy prices tumbling, the immediate pressure on corporate margins and consumer spending has eased, providing a foundation for further expansion in the coming months.
This shift in sentiment highlights the sensitivity of African growth to global energy markets.
As supply chain disruptions ease and input costs normalize, the region is positioned to benefit from a more stable macroeconomic environment.