Businesses report improved performance
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Uganda, Jan. 5 -- The businesses environment showed further improvement in December, according to a survey by Stanbic Bank.
The survey, which measures performance of the economy through interviewing business executives and procurement manager on a number of parameters, indicates that Purchasing Managers' Index (PMI) rose to a score of 52 in December last year up from 50.9 in November.
The Index, which is based on input, output and such other related costs, was for the second month in a row above the 50 score, above which signals stable or growing business activity.
The survey covers about 400 private sector companies and is produced by S&P Global. It has been conducted since June 2016 and covers agriculture, industry, construction, who...
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