Uganda’s economy takes a hit following a downturn in its agricultural and industrial sectors

According to the poll, which gauges monthly economic health by speaking with corporate leaders and buying managers, the Purchasing Managers’ Index declined to 51.2 in February from 53.2 in January. Yet, the private sector saw an increase in output and new orders notwithstanding the decline.

According to a Stanbic Bank poll, the decline in Uganda’s agricultural, construction, and industrial sectors impacted economic performance in February.

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