Uganda’s private sector continues to recover in April with business conditions, employment and purchasing orders consistently improving since February securing greater volumes of new orders amidst normal operating condition. The headline Stanbic Purchasing Managers’ Index (PMI) rose to 57.8 in April from 53.2 in March, signaling a third successive monthly improvement in business conditions since the series began with an average of 53.0. Ronald Muyanja, the Head of Trading, Stanbic Bank Uganda said, “Firms posted an increment in new orders and output across each of the five broad sectors thereby extending the current sequence of expansion and growth at the…
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