The Stanbic Bank Uganda PMI edged down to 53.3 in August 2025 from 53.6 in July, but continued to signal an improvement in the health of the Ugandan private sector, as has been the case since February. The overall expansion was driven by growth in output, new orders, employment, and inventories. Positive business expectations for the year ahead also supported increased input purchasing. Meanwhile, rising employment and greater capacity allowed firms to manage their backlogs effectively. source: S&P Global

Composite PMI in Uganda decreased to 53.30 points in August from 53.60 points in July of 2025. Composite PMI in Uganda averaged 52.77 points from 2016 until 2025, 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.

Composite PMI in Uganda decreased to 53.30 points in August from 53.60 points in July of 2025. Composite PMI in Uganda is expected to be 51.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Related Last Previous Unit Reference
Business Confidence 57.20 58.20 points Aug 2025
Changes in Inventories 1231.00 1128.00 UGX billion Dec 2024
Corruption Index 26.00 26.00 Points Dec 2024
Corruption Rank 140.00 141.00 Dec 2024
Leading Economic Index -0.14 1.05 percent Jul 2025



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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Uganda Private Sector Growth at 3-Month High
The Stanbic Bank Uganda PMI edged higher to 52.9 in March 2025 from 52.6 in February, signaling a sustained improvement in business conditions for the second consecutive month. It also marked the strongest expansion in the private sector since December 2024, mainly driven by an increase in output for the second consecutive month amid sustained demand conditions. Similarly, new orders experienced a widespread growth, with all five monitored sectors reporting stronger business activity in March. Subsequently, staffing levels increased due to the hiring of temporary workers in response to higher new order inflows and the anticipated acceleration in output in the coming months. On the pricing front, inflationary pressures persisted, with firms citing higher costs for utilities, shipping, and raw materials, which led to further increases in selling prices. Finally, business confidence remained strong, with firms optimistic about future demand and sales growth.
2025-04-03
Uganda Private Sector Shrinks for 1st Time in 10 Months
The Stanbic Bank Uganda PMI fell to 49.5 in January 2025, down from 53.1 in December, marking the first contraction in the Ugandan private sector since March last year. The decline was driven by weaker demand and reduced purchasing power, leading to a renewed drop in new business and ending a nine-month growth streak. Also, output stagnated, with declines across all monitored sectors, while firms continued to cut jobs for the third consecutive month amid signs of spare capacity. On the price front, input costs rose further, driven by higher purchase and staff costs, including increased utility and raw material prices. In response, businesses raised selling prices for the fifth straight month, though the construction sector saw a decline in output charges. Despite cost pressures, firms increased purchasing activity and inventories, supported by improved supplier delivery times. Looking ahead, businesses remain optimistic, expecting stronger demand in the coming months.
2025-02-05
Uganda Private Sector Growth Remains Strong
The Stanbic Bank Uganda PMI dropped to 53.1 in December 2024, down from November’s three-month high of 55.7. Despite the decline, the latest reading remained above the series average of 52.7, signaling an improvement in business conditions for the ninth straight month. Further increases were seen in both output and new orders, in each case extending the current periods of expansion to nine months, buoyed by new client acquisitions. In response, firms ramped up their purchasing activity and inventories. Efforts to secure inputs were helped by a shortening of delivery times. However, employment fell for the second month, and backlogs of work rose for the first time in four months. Turning to prices, input costs continued to rise, driven by higher prices for materials, leading to a fourth consecutive monthly increase in output prices. Finally, businesses remained optimistic about the economic outlook, amid planned investment and expectations of strong consumer demand in the coming year.
2025-01-06