KAMPALA, Nov. 18 (Xinhua) -- Uganda's economy is on a recovery trend from the downturn caused by the COVID-19 pandemic, a new report by the ministry of finance showed here on Wednesday.
The monthly performance report for October showed that for the fourth consecutive month, the Purchasing Managers' Index (PMI) has stayed above the 50-mark threshold. Readings above 50.0 signal an improvement in business conditions while those below 50.0 show deterioration.
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