Business Confidence in Uganda increased to 56.72 points in May from 55.17 points in April 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 33.79 points in May of 2020. source: Bank of Uganda

Business Confidence in Uganda is expected to be 56.20 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 57.00 points in 2027 and 59.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-05 07:40 AM
Business Confidence
Apr 55.83 58.01 56
2026-06-05 08:30 AM
Business Confidence
May 56.7 55.2 54
2026-07-03 09:30 AM
Business Confidence
Jun 56.2


Related Last Previous Unit Reference
Business Confidence 56.72 55.17 points May 2026
Changes in Inventories 329.50 323.30 UGX billion Dec 2025
Corruption Index 25.00 26.00 Points Dec 2025
Corruption Rank 148.00 140.00 Dec 2025
Leading Economic Index -0.08 -0.36 percent Apr 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
56.72 55.17 65.29 33.79 2012 - 2026 points Monthly
NSA

News Stream
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
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