New jobs, orders increase in April – Stanbic PMI says
Ronald Muyanja, the Head of Trading at Stanbic Bank Uganda. He says some firms reported that they had been able to secure new customers over the month, thereby leading to higher new orders
The Stanbic Purchasing Managers’ Index (PMI) rose to 53.9 in April from 51.9 in March on account of further improvement in private sector output and new orders as demand strengthened, helping generate new jobs.
Readings above 50.0 indicate improvement in business conditions on the previous month while readings that are below 50.0 show deterioration—the Stanbic PMI covers the agriculture, in
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