The Stanbic Bank Uganda PMI increased to 54.6 in August 2020 from 50.3 in the prior month. It was the second straight month of expansion in the sector, amid some loosening of restrictions around the coronavirus pandemic. Both output and new orders continued to grow. Also, employment increased for first time in six months, indicating that the COVID-19 downturn had left residual spare capacity at their units, thereby reducing the need for additional staff. On the price front, input prices increased for the third straight month as purchased, transportation and utilities costs moved higher. Meanwhile, selling prices rose for the second straight month as companies passed on higher cost burdens to their customers. Lastly, business sentiment remained positive, supported by hopes of a gradual return to normality in business conditions.

Composite Pmi in Uganda averaged 52.88 points from 2016 until 2020, reaching an all time high of 58.80 points in January of 2020 and a record low of 21.60 points in April of 2020. This page provides - Uganda Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Composite Pmi - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Markit Economics

Composite Pmi in Uganda is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Uganda to stand at 56.00 in 12 months time. In the long-term, the Uganda Composite Pmi is projected to trend around 55.00 points in 2021 and 57.00 points in 2022, according to our econometric models.

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Uganda Composite Pmi

Actual Previous Highest Lowest Dates Unit Frequency
54.60 50.30 58.80 21.60 2016 - 2020 points Monthly
SA


News Stream
Uganda Private Sector Grows for 2nd Month
The Stanbic Bank Uganda PMI increased to 54.6 in August 2020 from 50.3 in the prior month. It was the second straight month of expansion in the sector, amid some loosening of restrictions around the coronavirus pandemic. Both output and new orders continued to grow. Also, employment increased for first time in six months, indicating that the COVID-19 downturn had left residual spare capacity at their units, thereby reducing the need for additional staff. On the price front, input prices increased for the third straight month as purchased, transportation and utilities costs moved higher. Meanwhile, selling prices rose for the second straight month as companies passed on higher cost burdens to their customers. Lastly, business sentiment remained positive, supported by hopes of a gradual return to normality in business conditions.
2020-09-03
Uganda Private Sector Returns to Growth
The Stanbic Bank Uganda PMI rose to 50.3 in July 2020 from 46.5 in the prior month. It was the first expansion in the sector since February, amid some loosening of restrictions around the coronavirus pandemic. Both output and new orders returned to growth, following a downturn caused by the COVID-19 pandemic. Meantime, employment was down for the fifth month running, as financial pressures led companies to reduce staff numbers and cut wages. On the price front, input prices increased for the second straight month as transportation and utility costs moved higher. Meanwhile, selling prices rose for the first time in four months as companies passed on higher cost burdens to their customers. Lastly, business sentiment remained positive, supported by hopes of a gradual return to normality in the economy.
2020-08-05
Uganda Private Sector PMI Rises to 4-Month High
The Stanbic Bank Uganda PMI increased to 46.5 in June 2020 from 41.9 in the prior month. It was the fourth straight month of contraction in the sector but the softest downturn in the current sequence, amid some loosening of restrictions around the coronavirus pandemic. Both output and new orders declined further, amid the continued negative impact of coronavirus pandemic. While the construction and services sectors posted rises in both output and new orders, falls were recorded elsewhere. Employment was down for fourth month running, amid reported difficulties in paying staff in June due to a lack of funds. On the price front, input prices increased for the first time in three months as purchased costs moved higher. Meanwhile, selling prices continued to fall amid a lack of demand and spending power at customers. Lastly, business sentiment improved supported by hopes of a gradual return to normality in the economy.
2020-07-03
Uganda Private Sector PMI Second-Lowest on Record
The Stanbic Bank Uganda PMI increased to 41.9 in May 2020 from 21.6 in the prior month. It was the third straight month of contraction in the sector and the second-lowest reading since the survey began in June 2016, as both output new orders declined further, due to the negative impact of coronavirus pandemic. With output requirements down, companies looked to scale back employment and purchasing activity. Meantime, supply chains remained under pressure, with firms noting restrictions relating to the coronavirus pandemic had impacted raw material availability. On the price front, both input costs and selling prices fell for the second straight month as part of attempts to attract new business. Lastly, business sentiment returned to positive territory amid hopes of an improvement in activity once the pandemic subsides.
2020-06-04

Uganda Composite Pmi
The Stanbic Bank Uganda Purchasing Managers’ Index is based on data compiled from monthly replies to questionnaires sent to purchasing executives in approximately 400 private sector companies, which have been carefully selected to accurately represent the true structure of the Ugandan economy, including agriculture, construction, industry, services and wholesale & retail. The panel is stratified by GDP and company workforce size. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. A reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. The Purchasing Managers’ Index™ (PMI™) is a composite index based on five of the individual sub-components with the following weights: New Orders - 0.3, Output - 0.25, Employment - 0.2, Suppliers’ Delivery Times - 0.15, Stock of Items Purchased - 0.1, with the Suppliers’ Delivery Times sub-component inverted so that it moves in a comparable direction.