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Increasing customer demand spurs growth of company input orders

by CEO Reporter
Mulalo Madula, Economist at Standard Bank. She says the significant uptick in business activity may contribute to increased inflationary pressures alongside reported increases in staff, electricity, fuel, and construction material costs
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The headline Stanbic Purchasing Managers Index (PMI) reached its highest point this year, posting 57.4 during May, up from 55.4 in April as success in securing new customers had a positive impact on the Ugandan private sector. Meanwhile, this further expansion in new orders and business activity has resulted in companies increasing their own input buying and raising staffing levels. The late

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