Uganda, Dec. 7 -- Business executives and purchasing managers have said they are optimistic of an improved business environment boosted by growth in new orders, output and an increase in employment.

In details contained in the Stanbic Purchase Manager Index, more than 73 percent of interviewed business executives expressed a positive outlook with hopes of expanded new orders being the central driver.

The index, which interviews business executives and purchasing managers to measure the status of the economy also noted that firms have predicted a moderation in price pressures due to a decrease in fuel prices, which have fallen to an average of Shs5,200.

Speaking during the releases of the Index in Kampala yesterday, Mr Mulalo Madula, th...