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Ugandan Manufacturing sector performance declines as future business outlook further dampens.

Business perceptions in the quarter of January-March 2021 improved slightly by 19 basis points from 37 in the previous quarter (October-December 2020) to 56 in the current quarter. The meagre improvement in business sentiments was primarily driven by a slight improvement in business activity which improved capacity utilisation and product prices.

In particular, a favourable general business environment aided by a return to normalcy during the post-election period improved the general business optimism, increased labour availability and reduced labour cost for doing business in the current quarter.

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