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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