Private Sector Output Grows in April Amid Surge in New Orders
Uganda’s private sector continued to show strong performance in April, as the headline Stanbic Purchasing Managers’ Index (PMI) rose to 55.3, up from 52.9 in March. A reading above 50.0 signals an improvement in business conditions compared to the previous month, while a score below 50.0 indicates deterioration. The latest
Private sector performance continues to improve in March
Strong demand conditions drove growth in input buying, as firms stocked up amid anticipation of more upturns in activity later in the year, slightly lifting the monthly Stanbic Purchasing Managers’ Index (PMI). The headline Stanbic PMI rose to 52.9 during March, up from 52.6 in February. The latest data indicated
