STANBIC PMI SURVEY: 80% of Ugandan businesses bullish about 2020, on the back of a solid Q4, 2019

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80% of Uganda’s business are confident about business growth in 2020 according to Stanbic Bank’s Purchasing Managers Index (PMI), a monthly survey that measures business conditions in the country. The PMI is a composite index, calculated as a weighted average of five individual sub-components: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of