Uganda’s private sector output expands for eleventh successive month

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The monthly Stanbic Purchasing Managers’ Index (PMI), a measure of Uganda’s private sector business confidence, saw a slight drop from 57.4 in May to 56.4 in June, but optimism remains high on the back of improving customer demand which is sustaining growth of output due to new orders. The Stanbic PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers