Uganda’s Business Tendency Index fell to 55.8 in September 2026 from a downwardly revised 57.7 in August. Assessments deteriorated across most indicators, including the present business situation (53.4 vs 55.9 in August), order volumes with suppliers (56.5 vs 65.2), current employment (51.6 vs 53), financial situation (51.9 vs 53.2), access to credit (40.4 vs 41.7), current demand for services (55 vs 56.7), future demand for services (72.1 vs 72.5), and order books (40.8 vs 49.5). In addition, average selling prices increased (59.9 vs 58), while competition among businesses also intensified (72.2 vs 70.5). Meanwhile, the outlook for business conditions over the next three months improved (60.5 vs 59.8), as did expected employment (56.7 vs 55.4). Across sectors, confidence weakened in construction (47.7 vs 48.8), manufacturing (53 vs 54.8), wholesale trade (49.3 vs 54.1), agriculture (53.3 vs 56.3), and other services (59 vs 60.3), while it rose in financial services (85.5 vs 80.2). source: Bank of Uganda

Business Confidence in Uganda decreased to 55.80 points in September from 57.69 points in August of 2026. Business Confidence in Uganda averaged 55.88 points from 2012 until 2026, reaching an all time high of 65.29 points in January of 2013 and a record low of 33.78 points in May of 2020. This page provides the latest reported value for - Uganda Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Business Confidence in Uganda decreased to 55.80 points in September from 57.69 points in August of 2026. Business Confidence in Uganda is expected to be 57.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Business Confidence is projected to trend around 59.00 points in 2027 and 58.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-04 09:00 AM
Business Confidence
Aug 59.6 56.1 55.8
2026-10-06 03:00 AM
Business Confidence
Sep 55.8 57.7 59
2026-11-04 09:30 AM
Business Confidence
Oct 55.8 57


Related Last Previous Unit Reference
Business Confidence 55.80 57.69 points Sep 2026
Changes in Inventories 330.80 329.50 UGX billion Mar 2026
Corruption Index 25.00 26.00 Points Dec 2025
Corruption Rank 148.00 140.00 Dec 2025
Leading Economic Index 0.30 -0.67 percent Aug 2026


Uganda Business Confidence
In Uganda, the Business Tendency Index measures the level of optimism that executives have about current and expected outlook for production, order levels, employment, prices and access to credit. The Index covers the major sectors of the economy, namely construction, manufacturing, wholesale trade, agriculture and other services. The Overall Business Tendency Index above 50 indicates an improving outlook and below 50 a deteriorating outlook.
Actual Previous Highest Lowest Dates Unit Frequency
55.80 57.69 65.29 33.78 2012 - 2026 points Monthly
NSA

News Stream
Uganda Business Confidence Weakens in September
Uganda’s Business Tendency Index fell to 55.8 in September 2026 from a downwardly revised 57.7 in August. Assessments deteriorated across most indicators, including the present business situation (53.4 vs 55.9 in August), order volumes with suppliers (56.5 vs 65.2), current employment (51.6 vs 53), financial situation (51.9 vs 53.2), access to credit (40.4 vs 41.7), current demand for services (55 vs 56.7), future demand for services (72.1 vs 72.5), and order books (40.8 vs 49.5). In addition, average selling prices increased (59.9 vs 58), while competition among businesses also intensified (72.2 vs 70.5). Meanwhile, the outlook for business conditions over the next three months improved (60.5 vs 59.8), as did expected employment (56.7 vs 55.4). Across sectors, confidence weakened in construction (47.7 vs 48.8), manufacturing (53 vs 54.8), wholesale trade (49.3 vs 54.1), agriculture (53.3 vs 56.3), and other services (59 vs 60.3), while it rose in financial services (85.5 vs 80.2).
2026-10-06
Uganda Business Confidence Hits 15-Month High
The Business Tendency Index in Uganda rose to 59.6 in August 2026 from an upwardly revised 56.1 in the previous month. This marked the highest reading since June 2025, as assessments improved for the present business situation (57.1 vs 52.5 in July), order volumes with suppliers (63.7 vs 59.4), current employment (53.5 vs 51.7), financial situation (53.9 vs 44.2), access to credit (42.2 vs 40.4), expected employment (55.3 vs 54.4), stock of finished products (45.8 vs 41.3), current demand for services (77.6 vs 70.3), and future demand for services (48.8 vs 44.5). Among sectors, confidence increased in manufacturing (54.2 vs 54), wholesale trade (55.9 vs 55.2), other services (64.7 vs 55.8), and financial services (80.9 vs 77.1). Conversely, sentiment weakened in construction (48.0 vs 48.7) and agriculture (56.6 vs 57.7).
2026-09-04
Uganda Business Confidence Eases to 3-Month Low
The Business Tendency Index in Uganda dropped to 55.8 in April 2026 from an upwardly revised 58.0 in the previous month. This marked the lowest reading since January, amid declines in sub-indices for the present business situation (54.6 vs 56.2 in March), business conditions over the next three months (57.8 vs 60.2), and current employment (51.0 vs 51.1). On the other hand, improvements were seen in order volumes with suppliers (62.4 vs 60.1), financial conditions (52.8 vs 51.7), average selling prices (58.4 vs 56.8), access to credit (45.6 vs 45.5), expected employment (56.8 vs 55.8), and stocks of finished products (42.6 vs 36.1). Among sectors, confidence fell in manufacturing (53.9 vs 57.2) and other services (54.0 vs 59.9), while it increased in construction (44.6 vs 43.3), wholesale trade (52.7 vs 50.8), agriculture (61.0 vs 59.9), and financial services (83.5 vs 76.0).
2026-05-05