Ferishka Bharuth

A return to normality in the Ugandan economy helped lead to a further improvement in business conditions in the private sector during February, according to the Stanbic Bank sponsored Purchase Managers Index produced by IHS Markit.  According to the index, output, new orders, employment and purchasing activity were all up and companies were optimistic for the coming year. That said, inflationary pressures remained evident. The headline PMI rose to 55.7 in February, up from 54.9 in January and comfortably above the series average. The health of the private sector has now improved in each of the past seven months, according…