News & Analysis

Employment, new orders rise in expanded purchasing activity

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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Getting your Trinity Audio player ready… Conditions in Uganda’s private sector continue to improve as the latest data for the monthly Stanbic Purchasing Managers Index (Stanbic Bank PMI) showed  output, new orders and employment all increasing over the month.The headline PMI rose to 50.9 in November from 50.0 in October,…

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