Business sentiment in Uganda’s private sector remained positive but slow in September on account of new orders and higher output, according to the monthly Stanbic Bank Purchasing Managers Index (PMI). The headline PMI registered 52.5 in September compared to the 50.2 in August; a weak gain although still above the 50.0 threshold for the third month running. Nonetheless, the latest reading is slightly lower than the monthly average of 52.9 recorded since the survey first began in June 2016. Ronald Muyanja, the Trading, Global Markets Head at Stanbic Bank Uganda said, the Ugandan private sector was able to build on…
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