According to a recent survey conducted in Uganda, business performance in the country has improved.
The survey, which was carried out by Stanbic Bank and developed by S&P Global, used information gathered from corporate leaders and procurement managers to assess Uganda’s economic performance.
The survey was conducted over the course of a month, in this case, December, and the data is compiled under a variety of conditions.
According to the survey, the Purchasing Managers’ Index (PMI) increased for the month of December compared to the prior month by 2 points. The PMI for Uganda was 50.9 in November and increased to 52 in December.
This survey began in 2016 and has since surveyed a large number of private sector companies. It included 400 private businesses from the agricultural, industry, construction, wholesale, retail, and service sectors for December of last year.
Source: Business Insider Africa