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).
Business Confidence in Uganda averaged 56.53 points from 2012 until 2020, reaching an all time high of 65.54 points in March of 2013 and a record low of 34.01 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 August of 2020.
Business Confidence in Uganda is expected to be 52.00 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 57.00 in 12 months time. In the long-term, the Uganda Business Confidence is projected to trend around 57.50 points in 2021 and 58.00 points in 2022, according to our econometric models.