Uganda: Monthly Survey Reveals Drop in Economic Growth

Kampala — A monthly Purchase Managers Index (PMI) indicates that there was a slight decline in economic activity for the month of September which fell from 54.1 per cent to 53.8 per cent.

Mr Jibran Qureshi, the Standard Bank regional economist for East Africa, while announcing the results in Kampala last week, said even though the headline PMI fell to 53.8 from 54.1 in August, the average of 54.1 in the three months to September was still higher than the average of 51.6 in the first half of the year.

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