Uganda’s private sector output expands for eleventh successive month
The latest expansion in purchasing activity and a quickening of deliveries from suppliers meant that inventories increased for the eighth month. File Photo
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
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