The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. | THE INDEPENDENT | The headline PMI rose to 50.5 in August, up …
Read More »High fuel prices hike input cost in May — Stanbic PMI
Kampala, Uganda | THE INDEPENDENT | The persistent high cost of fuel contributed to negative private sector activity in May with the Stanbic Headline Purchasing Managers Index (PMI) dropping to 51.5 from to 53.9 recorded in April—readings above 50.0 mean improvement in business conditions on the previous month while readings that …
Read More »Economy stutters in March, outlook remains positive
The headline Stanbic Purchasing Managers’ Index (PMI) posted 51.9 in March, down from 55.7 in February, but still signaling an improvement in business conditions as the health of Uganda’s private sector continues to strengthen during the last eight successive months. Kampala, Uganda | THE INDEPENDENT | Released today, the index …
Read More »Uganda’s PMI rises to 54.9 in January: report
Kampala, Uganda | THE INDEPENDENT | Uganda’s Purchasing Managers’ Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued on Friday. The threshold of 50 is a baseline to indicate an increase or a decline in business conditions. The monthly report issued by Stanbic Bank …
Read More »Uganda’s PMI drops to 51.5 due to job losses, price pressures
Kampala, Uganda | THE INDEPENDENT | Uganda’s Purchasing Managers’ Index (PMI) fell to 51.5 in December last year, down from 54.1 in November, Stanbic Bank reported on Wednesday. The new reading in the monthly report issued by Stanbic Bank, Uganda’s largest bank, attributed the decline to price pressures and a drop …
Read More »Uganda’s workforce continues to fall-PMI
But private sector players are optimistic about the future | THE INDEPENDENT | Uganda’s private sector activity continues to improve as the economy slowly recovers from COVID-19 pandemic hit but workforce continues to fall. The latest Stanbic Purchasing Managers’ Index (PMI) released on Nov.03 indicates that Uganda’s private sector …
Read More »SURVEY: Companies lower staffing levels for 4th month
But businesses remain optimistic about the future Kampala, Uganda | JULIUS BUSINGE | Business sentiments in Uganda’s private sector remained positive but slow in September on account of new orders and higher output, according to the monthly Stanbic Bank Purchasing Managers Index (PMI). The headline PMI registered 52.5 in September …
Read More »Business activities still slow in July – Survey
But players expect recovery due to easing of COVID-19 lockdown measures Kampala, Uganda | JULIUS BUSINGE | Business captains are optimistic that activity will rebound once lockdown restrictions are lifted by government, according to the July Purchasing Managers’ Index (PMI). Experts expect opportunities in form of new jobs and economic …
Read More »Second lockdown reversing economic recovery gains – Experts
Kampala, Uganda | THE INDEPENDENT | The recovery of the economy has suffered a setback following the 42 days that the country was under a lockdown, this is according to economic analysts. The economy was recovering from the effects of the March-to-June 2020 lockdown, with both the Bank of Uganda and the …
Read More »Uganda’s private sector activity slows in June-PMI
The risk of extending the COVID-19 lockdown could delay rebound in economic activity Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector activity slowed in June, the second time in a row, with businesses forecasting a dejected outlook for the few months ahead as a result of the ongoing second …
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