Stanbic PMI Rises to 55.3 in April, Signaling Sustained Private Sector Growth

Stanbic PMI Rises to 55.3 in April, Signaling Sustained Private Sector Growth

Uganda’s private sector continued its upward trajectory in April, with the headline Stanbic Purchasing Managers’ Index (PMI) rising to 55.3 from 52.9 in March, pointing to improving business conditions for the third consecutive month. A reading above 50.0 indicates growth, while a reading below signals contraction. The April surge was driven by robust expansions in business activity and new orders, buoyed by strong customer demand and successful…

Uganda’s Private Sector Grows Further In April Amid Upturn In New Orders » Business Focus

Christopher Legilisho, Economist at Stanbic Bank Private sector operating conditions during April remained encouraging as the headline Stanbic Purchasing Managers’ Index (Stanbic PMI) rose to 55.3, up from the 52.9 recorded for March. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show deterioration. According to the latest survey, the overall upturn stemmed from further expansio…