News & Analysis

Stanbic Survey Shows Demand surge as jobs decreased for December

by CEO Reporter
Ronald Muyanja, the Head of Trading at Stanbic Bank Uganda. He says some firms reported that they had been able to secure new customers over the month, thereby leading to higher new orders
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The final month of 2021 saw further increases in output and new orders in the Ugandan private sector as demand continued to improve, according to Stanbic’s Purchasing Managers’ Index published today. However, the index shows, employment decreased following a rise in November and that price pressures were evident again. As a result, the headline PMI fell to 51.5 in December, down from 54.1 i

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