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Stanbic Purchasing Index Indicates Rise in Business Activity during March

by CEO Reporter
The latest expansion in purchasing activity and a quickening of deliveries from suppliers meant that inventories increased for the eighth month. File Photo
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The Ugandan economy is gradually returning to the old normal seen from the growth and rise in business activities of the private sector at the end of the first quarter are pointing to that. The headline Stanbic Purchasing Managers’ Index (PMI) posted 53.2 in March, up from 51.2 in February signaling an improvement in business conditions for the second month running. The latest reading was the

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