{"id":76031,"date":"2022-02-05T09:49:47","date_gmt":"2022-02-05T06:49:47","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=76031"},"modified":"2022-02-05T09:50:50","modified_gmt":"2022-02-05T06:50:50","slug":"ugandas-pmi-rises-to-54-9-in-january-report","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2022\/02\/ugandas-pmi-rises-to-54-9-in-january-report\/","title":{"rendered":"Uganda&#8217;s PMI rises to 54.9 in January: report"},"content":{"rendered":"<p><strong>KAMPALA, Uganda, Feb 4 -Uganda&#8217;s Purchasing Managers&#8217; Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued Friday.<\/strong><\/p>\n<p>The threshold of 50 is a baseline to indicate an increase or a decline in business conditions.<\/p>\n<p>The monthly report issued by Stanbic Bank Uganda attributed the increase to the fully reopening of the country&#8217;s economy on Jan. 24 after some sectors had been closed for about two years due to the COVID-19 pandemic.<\/p>\n<p>The report showed that all five surveyed sectors, namely agriculture, industry, construction, wholesale and retail, and service, saw business activity rise at the start of the year.<\/p>\n<p>The report indicated that firms remain optimistic in the outlook for the next 12 months, and as investments in the oil sector is also likely to reinforce the positive outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KAMPALA, Uganda, Feb 4 -Uganda&#8217;s Purchasing Managers&#8217; Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued Friday. The threshold of 50 is a baseline to indicate an increase or a decline in business conditions. The monthly report issued by Stanbic Bank Uganda attributed the increase to the [&hellip;]<\/p>\n","protected":false},"author":12327,"featured_media":75916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1359,687],"tags":[934,1884,330,3203],"coauthors":[],"class_list":["post-76031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","category-top-stories","tag-featured","tag-pmi","tag-uganda","tag-uganda-pmi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uganda&#039;s PMI rises to 54.9 in January: report - Capital Business<\/title>\n<meta name=\"description\" content=\"KAMPALA, Uganda, Feb 4 -Uganda&#039;s Purchasing Managers&#039; Index (PMI) rose to 54.9 in January, up from 51.5 in December, according to a report issued Friday. 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