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Uganda’s private sector continued its growth trajectory in October, marking the seventh consecutive month of expansion according to the latest Stanbic Purchasing Managers’ Index (PMI). Although the PMI fell slightly from September’s 54.2 to 52.9, it still signals positive growth in business conditions driven by strong demand, increased output, and new orders across multiple sectors. Data from Stanbic Bank, collected between October 10th and 29th, reveals that heightened demand has prompted companies to expand their production capacity and workforce. This trend is particularly evident in the manufacturing sector, where firms are increasing staffing levels to keep up with customer orders…
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The monthly Stanbic Purchasing Managers’ Index (PMI), a measure of Uganda’s private sector business confidence, saw a slight drop from 57.4 in May to 56.4 in June, but optimism remains high on the back of improving customer demand which is sustaining growth of output due to new orders. The Stanbic PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 private sector companies. The sectors covered by the survey include agriculture, mining, manufacturing, construction, wholesale, retail and services. The PMI is a weighted average of the following five indices: New…
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The headline Stanbic Purchasing Managers Index (PMI) reached its highest point this year, posting 57.4 during May, up from 55.4 in April as success in securing new customers had a positive impact on the Ugandan private sector. Meanwhile, this further expansion in new orders and business activity has resulted in companies increasing their own input buying and raising staffing levels. The latest reading is above the 50.0 no-change mark for the seventh time in as many months and also higher than the series average of 52.5, reflecting widespread optimism that business activity will continue to expand over the coming 12…
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Conditions in Uganda’s private sector continue to improve as the latest data for the monthly Stanbic Purchasing Managers Index (Stanbic Bank PMI) showed output, new orders and employment all increasing over the month. The headline PMI rose to 50.9 in November from 50.0 in October, indicating an improvement in business conditions for the third time in the past four months, following a stable position in the previous month, however, the latest figure was still below the series average. The monthly survey is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400…
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Business conditions for Uganda’s private sector were unchanged at the start of the fourth quarter of the year, following two months of improvement, the latest Stanbic Purchasing Managers’ Index (PMI) released reads in part. The headline Stanbic PMI for October was 50.0, the no-change mark signaling stable business conditions during the month, but down from 51.6 recorded in September and below the average since the survey began in June 2016. However, on a positive note, the October survey shows that output, new orders and employment all expanded. The latter for the first time in five months and there were reductions…
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