The Business Tendency Index in Uganda rose to 58.7 in February 2026 from an upwardly revised 55.6 in the previous month. This marked the highest reading since September 2025. Business Confidence in Uganda averaged 55.84 points from 2012 until 2026, reaching an all time high of 65.29 points in January of 2013 and a record low of 33.80 points in May of 2020. source: Bank of Uganda

Business Confidence in Uganda increased to 58.70 points in February from 55.60 points in January of 2026.

Business Confidence in Uganda increased to 58.70 points in February from 55.60 points in January of 2026. 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
2026-02-05 05:10 AM
Business Confidence
Jan 55 56.4 56.8
2026-03-04 11:30 AM
Business Confidence
Feb 58.7 55.6 56
2026-04-03 09:30 AM
Business Confidence
Mar 58.7 57.8


Related Last Previous Unit Reference
Business Confidence 58.70 55.60 points Feb 2026
Changes in Inventories 1231.00 1128.00 UGX billion Dec 2024
Corruption Index 25.00 26.00 Points Dec 2025
Corruption Rank 148.00 140.00 Dec 2025
Leading Economic Index 0.84 0.55 percent Jan 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
58.70 55.60 65.29 33.80 2012 - 2026 points Monthly
NSA

News Stream
Uganda Business Confidence Hits 16-Month Low
The Business Tendency Index in Uganda dropped to 55 in January 2026 from a downwardly revised 56.4 in the previous month. This marked the lowest reading since September 2024, amid declines in sub-indices for present business situation (51.3 vs 53.1 in December), current employment (48.2 vs 50.3), financial situation (51.4 vs 53.1), access to credit (40.2 vs 42.7), and order books (52.9 vs 55.9). On the other hand, improvements were seen in business situation over the next three months (62.2 vs 60.7), order volumes with suppliers (61.5 vs 60.6), and expected employment (54.7 vs 54.5). Among sectors, confidence fell in construction (44.7 vs 47.8), manufacturing (56.8 vs 57.9), agriculture (53 vs 55.2), other services (57.2 vs 57.8), and financial services (70.1 vs 77.1), while increased in wholesale trade (52.3 vs 51.8).
2026-02-05
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