Stanbic Purchase Managers Index

Uganda’s private sector continues to recover from the impact of the Coronavirus pandemic (Covid-19) as business conditions improved in August after a near standstill of activities during the series of lockdowns between March and the end of May. The latest headline Stanbic Purchase Managers Index (PMI) posted 54.6, up from 50.3 in July. This is the highest since February, just before the first case of Covid-19 was reported in Uganda. The latest reading is above the positive threshold of 50.0 and substantially higher than the 46.5 reported for June. The PMI is a composite index, calculated as a weighted average…