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The latest Stanbic Bank Purchasing Managers’ Index (PMI) for September revealed positive business conditions despite a slight dip in the headline index to 54.2 from 56.3 in August. A reading above 50.0 indicates business expansion, and September’s performance underscores continued growth in Uganda’s private sector. A significant factor in maintaining business output was increased advertising, which strengthened demand and attracted new clients. Christopher Legilisho, economist at Stanbic Bank, attributed this growth to robust client demand. “Strong business output and new order growth were linked to effective advertising,” he explained. “Firms foresee healthy demand conditions over the coming year, with plans…
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The latest Stanbic Bank Purchasing Managers’ Index (PMI) covering business activity for the month of June has shed light on Uganda’s private sector showing an expansion midway through the year, as business conditions improve further on the back of increased client numbers and favourable demand trends. This has also reportedly led to the latest rise in new orders and greater business activity in three major sectors including wholesale and retail, manufacturing, and construction. However, agriculture and services companies registered a drop in business activity. The Stanbic PMI findings show that the uptick in new orders in June encouraged firms to…
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The demand for goods and purchasing activity significantly in October a welcome sign for the economy that has stuttered due to global supply constraints and after effects of Covid-19. According to the Stanbic Bank Purchasing Manager’s Index, the private sector reported increases in output and new orders. Christopher Legilisho, an economist at Stanbic Bank said Uganda’s October PMI indicated a further improvement in private-sector activity, with both output and new orders rising for a 15th consecutive month due to solid client demand. “Private-sector hiring increased for a seventh month running, with firms having hired more staff on permanent and temporary…
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