Uganda, May 6 -- A survey by Stanbic Bank indicates that the business environment improved in April, signaling a renewed upturn in the health of the private sector.

The monthly survey, which interviews business executives and purchasing managers on the performance of the business environment, notes that the Stanbic Purchasing Managers' Index improved to 52.6 in April, up from 49.3 in March, denoting an improvement and expansion in new orders in April.

The survey further notes that demand conditions improved, with an increase in client referrals and new orders.

Mr Christopher Legilisho, the Stanbic economist, said the renewed expansion reflected growth in output and new orders, as demand conditions strengthened amid a brief weakness in ...