The Business Tendency Index in Uganda rose to 57.2 in December 2025 from a downwardly revised 56.2 in the previous month. Assessments improved regarding business situation in three months (59.2 vs 58.2 in November), order volumes with suppliers (60.6 vs 57.1), sector competition (67.4 vs 66.9), financial situation (54.3 vs 52.8), access to credit (43.2 vs 42.9), expected employment (53.1 vs 51.3), and stock of finished products (40.6 vs 37.3). Among sectors, confidence increased in agriculture (56.9 vs 46.7) and financial services (77.9 vs 77.8). Conversely, sentiment weakened in construction (46.8 vs 48.1), wholesale trade (51.4 vs 52.0) and other services (58.6 vs 61.9). source: Bank of Uganda

Business Confidence in Uganda increased to 57.20 points in December from 56.20 points in November of 2025. Business Confidence in Uganda averaged 55.85 points from 2012 until 2025, 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 February of 2026.

Business Confidence in Uganda increased to 57.20 points in December from 56.20 points in November of 2025. Business Confidence in Uganda is expected to be 57.80 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-03 10:20 AM
Business Confidence
Nov 57.2 58.1 59
2026-01-07 09:30 AM
Business Confidence
Dec 57.2 56.2 57
2026-02-06 09:30 AM
Business Confidence
Jan 57.2 56.8


Related Last Previous Unit Reference
Business Confidence 57.20 56.20 points Dec 2025
Changes in Inventories 1231.00 1128.00 UGX billion Dec 2024
Corruption Index 26.00 26.00 Points Dec 2024
Corruption Rank 140.00 141.00 Dec 2024
Leading Economic Index 0.60 0.50 percent Nov 2025


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
57.20 56.20 65.29 33.78 2012 - 2025 points Monthly
NSA

News Stream
Uganda Business Confidence Rises in December
The Business Tendency Index in Uganda rose to 57.2 in December 2025 from a downwardly revised 56.2 in the previous month. Assessments improved regarding business situation in three months (59.2 vs 58.2 in November), order volumes with suppliers (60.6 vs 57.1), sector competition (67.4 vs 66.9), financial situation (54.3 vs 52.8), access to credit (43.2 vs 42.9), expected employment (53.1 vs 51.3), and stock of finished products (40.6 vs 37.3). Among sectors, confidence increased in agriculture (56.9 vs 46.7) and financial services (77.9 vs 77.8). Conversely, sentiment weakened in construction (46.8 vs 48.1), wholesale trade (51.4 vs 52.0) and other services (58.6 vs 61.9).
2026-01-07
Uganda Business Confidence Falls to 13-Month Low
The Business Tendency Index in Uganda fell to 57.2 in November 2025 from an upwardly revised 58.1 in the previous month. This marked the lowest reading since October 2024, amid declines in sub-indices for business situation in 3 months (57.6 vs 61.5 in October), order volumes with suppliers (57.3 vs 63.9), access to credit (42.2 vs 45.3), expected employment (51.2 vs 54.8), and stock of finished products (38.3 vs 42). Among sectors, confidence dropped in construction (46.6 vs 51.5), manufacturing (58.1 vs 61.1), agriculture (49.5 vs 55.3), and financial services (78.2 vs 81.2). Conversely, sentiment improved in wholesale trade (51.7 vs 51.2) and other services (63.1 vs 59.4).
2025-12-03
Uganda Business Morale Lowest in 10 Months
The Business Tendency Index in Uganda declined to 57.2 in August 2025, down from a revised 58.2 in the previous month. This marked the lowest reading since October 2024, weighed down by declines in the sub-indices for the present business situation (52.7 vs 54.4 in July) and number of employees (49.6 vs 51.8). In contrast, improvements were recorded in sector competition (69.7 vs 66.8) and average selling prices (55.5 vs 49.7). Across sectors, business confidence weakened in construction (46.0 vs 55.3), agriculture (53.5 vs 54.3), wholesale trade (54.8 vs 55.6), and other services (59.7 vs 60.5). Conversely, confidence in manufacturing edged higher to 57.9, up from 57.2 in July.
2025-09-04