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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