Conditions in Uganda’s private sector continue to improve as the latest data for the monthly Stanbic Purchasing Managers Index (Stanbic Bank PMI) showed output, new orders and employment all increasing over the month. The headline PMI rose to 50.9 in November from 50.0 in October, indicating an improvement in business conditions for the third time in the past four months, following a stable position in the previous month, however, the latest figure was still below the series average. The monthly survey is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400…
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