Uganda's private sector activity expands in March -PMI - continued
"Companies reported increases in both output and new orders for the second straight month in March," the report said, adding higher activity was reported in a range of sectors including agriculture, industry, services and wholesale and retail.
The findings of the survey offer a glimmer of hope after Uganda's central bank said overall economic expansion is slowing.
This month, policymakers cut the benchmark lending rate by 50 basis points to 11% to speed up private sector credit flow and boost flagging growth.
The new Markit Stanbic survey found hiring by firms was also rising on the back of the higher orders.
"Staffing levels rose in the agriculture, services and wholesale and retail sectors," the survey said.
The east African economy, which mostly relies on coffee for its foreign exchange needs, is expected to begin crude oil production in 2020.