Business Confidence in Uganda increased to 53 points in February from 50.38 points in January of 2021. source: Bank of Uganda

Business Confidence in Uganda averaged 56.18 points from 2012 until 2021, reaching an all time high of 65.86 points in March of 2013 and a record low of 33.91 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 March of 2021.

Business Confidence in Uganda is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Uganda to stand at 54.00 in 12 months time. In the long-term, the Uganda Business Confidence is projected to trend around 58.00 points in 2022, according to our econometric models.

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Uganda Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
53.00 50.38 65.86 33.91 2012 - 2021 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-12-04 10:00 AM Nov 51 52
2021-01-07 11:00 AM Dec 50 51 52
2021-02-05 10:30 AM Jan 50 49 49
2021-03-05 12:30 PM Feb 53 50 51
2021-04-02 11:00 AM Mar 53
2021-05-06 12:00 PM Apr
2021-06-04 02:00 PM May
2021-07-06 09:00 AM Jun

News Stream
Uganda Business Morale at 5-Month High in July
The Business Tendency Index in Uganda rose to 46 in July of 2020 from 43.1 in the previous month. It was the highest reading since February, as the country has started easing some lockdown restrictions that have been in place since March. Improvements were seen in the present business situation (35.4 vs 25.9 in June); new orders (47 vs 37.2); employment (40.8 vs 38.5); average selling prices (50.5 vs 50); financial situation (36 vs 27.6) and access to credit (29.7 vs 25.4). Meanwhile, expectations regarding the business situation in 3 months dropped slightly (58.7 vs 58.8).
Uganda Business Morale Sinks to Record Low
The Business Tendency Index in Uganda slipped to 49.9 in April of 2020 from a downwardly revised 51.2 in the previous month. This was the lowest reading since the survey began in July of 2012, due to the negative effects of the coronavirus pandemic. Decreases were seen in all indexes: the present business situation (44.8 vs 46 in March); the business situation in three months (57.3 vs 58.8); new orders (47 vs 48.7); employment (45.2 vs 46.3); average selling prices (50.5 vs 51.1); financial situation 846.4 vs 46.8) and access to credit (33.1 vs 33.8).

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.