Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Tuesday, August 9, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
Uganda’s  private sector activities improve for the second month

Uganda’s  private sector activities improve for the second month

According to the report, the reading is above the positive threshold of 50.0 and substantially higher than the 46.5 reported for June.

by Caroline Muriuki
September 8, 2020
in Countries
0
Share on FacebookShare on LinkedIn

Uganda’s private sector continues to recover from the impact of the Covid-19 pandemic as business conditions improved in August after a near standstill of activities during the lockdown put in place between March and the end of May.

Uganda’s private sector

This is according to the latest  Stanbic Purchase Managers Index (PMI) report which shows that Uganda posted a 54.6 increase from 50.3 in July, which is the highest since February.

According to the report, the reading is above the positive threshold of 50.0 and substantially higher than the 46.5 reported for June.

The PMI is a composite index, calculated as a weighted average of five individual sub-components: New Orders (30 per cent), Output (25 per cent), Employment (20 per cent), Suppliers’ Delivery Times (15 per cent and Stocks of Purchases (10 per cent).

According to Stanbic Bank Uganda head of global markets, Kenneth Kitungulu, the steady improvement is due to the fewer restrictions on business activities throughout the country compared to previous months.

“The survey findings not only showed improvement in general private sector activity but also recorded growth across all the five sectors that are normally monitored.

Rising new orders encouraged companies to expand their staffing levels and purchasing activity midway through the third quarter, in both cases for the first time in six months.

The increase in employment was recorded in spite of some firms indicating that the Covid-19 downturn had left residual spare capacity at their units, thereby reducing the need for additional staff,” he said.

“Business confidence is gradually returning to the market, amidst looser lockdown restrictions nationally. However, input costs for firms continue to remain elevated primarily due to rising transport prices. But then again, we suspect that these prices pressures could prove to be temporary especially as the exchange remains stable and economic activity despite recovering since June, still remains moderate. “said Jibran Qureishi, Head of Africa Research at Stanbic Bank.

The bank’s PMI report contains the latest analysis of data collected from the monthly survey of business conditions in the Ugandan private sector. The report is sponsored by Stanbic Bank and produced by IHS Markit.

Also Read: Stanbic Uganda unveils Trade Club business connection platform

Tags: PMI reportPrivate SectorStanbic BankStanbic bank PMI reportStanbic Bank UgandaUgandaUganda's PMI report

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Caroline Muriuki

Related Posts

Some of the highest paid African presidents. theexchange.africa
Countries

Africa’s highest paid presidents and their annual salaries

August 9, 2022
Countries

Kenyan elections and NSE, investors to adopt precautionary behaviour

August 3, 2022
The leaders of the BRICS nations meet at the group’s summit in Osaka in June 2019. Concerns are India might pull out of the group over tensions with China. (Photo/ Reuters)
Countries

What does Russia’s invasion of Ukraine mean for Southern Africa?

August 3, 2022
Next Post
Nigeria increases stake in Shelter Afrique with $29.3m

Nigeria increases stake in Shelter Afrique with $29.3m

The 8th AFA Female Investors and Entrepreneurs Panel

The 8th AFA Female Investors and Entrepreneurs Panel

Kenya Airways records $132m loss for half-year

Kenya Airways records $132m loss for half-year




This months edition

Features

The leaders of the BRICS nations meet at the group’s summit in Osaka in June 2019. Concerns are India might pull out of the group over tensions with China. (Photo/ Reuters)
Countries

What does Russia’s invasion of Ukraine mean for Southern Africa?

by Albert Nangara
August 3, 2022
0

When the United Nations General Assembly voted overwhelmingly on March 2 to condemn Russia’s invasion of Ukraine, African countries accounted...

Read more
Logistics and transport startups will play a major role in enabling Africa’s largest free-trade area (Photo/ Quartz Africa)
Industry and Trade

Trends shaping the future of logistics in African markets

by Albert Nangara
August 3, 2022
0

Digitization of logistics and compliance with sustainability policies will shape the future of logistics in African markets. Digitalization involves the...

Read more
Biometric systems are expected to lead the market for airport security systems in growth over the next five years, as the market increases at an 8 per cent CAGR through 2024 (Photo/ Biometric Updates).
Tech & Business

Machine learning, Artificial Intelligence changing Africa’s Airports

by Albert Nangara
August 2, 2022
0

According to Frontiers, AI has been recognized to have a wide potential to reduce human workload or increase human capabilities...

Read more
www.theexchange.africa/
Investing

ESG global mining and the social license

by Laurence Sithole
August 2, 2022
0

In terms of achieving net zero carbon emissions, the largest mining companies in the world have several options – each...

Read more
Some of the group members learning the components of the new briquette making machine. The machine can produce 500 briquettes per day. www.theexchange.africa
Investing

Reusable, organic charcoal: Answer to Africa’s cooking fuel challenges

by Njenga Hakeenah
August 2, 2022
0

United for Green is working to ensure that Africans do not get to these extremes. By empowering women, the plan...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In