Nigeria’s purchasing managers’ index (PMI) remained firmly in expansionary territory, while input cost inflation fell to its lowest level in five months.
The data points to a gradual stabilization of the business environment as supply chain pressures ease across the private sector.
The decline in purchase cost inflation is a key indicator for monetary policy watchers.
With input prices softening, the immediate pressure on consumer prices may be diminishing, potentially giving the Central Bank of Nigeria more room to maintain its current policy stance or consider easing measures in the coming quarters.
The sustained PMI reading above 52 confirms that this cost relief is not coming at the expense of economic growth.
This development aligns with a broader trend of stabilizing macroeconomic indicators in emerging markets.