Uganda, March 6 -- Decline in agriculture, construction and industry activities weakened economic performance during February, according to a survey by Stanbic Bank.

The survey, which measures monthly performance of the economy through interviewing business executives and purchasing managers, indicates that during February, the Purchasing Managers' Index contracted to 51.2 compared to 53.2 in January. However, despite the drop, the private sector recorded growth in output and new orders.

The index, however, remains above the 50 score, above which, is an indication of stability while a lesser score indicates a slowdown in growth.

The survey also noted a decline in employment, for the first time in five months while reports of extreme dr...