The final month of 2021 saw further increases in output and new orders in the Ugandan private sector as demand continued to improve, according to Stanbic’s Purchasing Managers’ Index published today. However, the index shows, employment decreased following a rise in November and that price pressures were evident again. As a result, the headline PMI fell to 51.5 in December, down from 54.1 in November. Although pointing to a fifth successive improvement in business conditions in the private sector, the latest PMI figure was below the average since the series began in June 2016. Ronald Muyanja, the Head of Trading…
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