Posted inEconomics

Stanbic PMI: Private sector demand picked up in April despite strike by traders

Despite prolonged trader strikes over EFRIS, Uganda’s private sector saw a strengthening of demand after a brief weakness the previous month, with the April headline Stanbic Purchasing Managers’ Index (Stanbic PMI) crossing over into positive territory from 49.3 to 52.6. Readings below 50.0 reflect a deterioration of business sentiment. Christopher Legilisho, Economist at Stanbic Bank […]

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