The Stanbic Bank Uganda PMI surged to 50.2 in August of 2021 from 34.6 in the prior month, pointing to the first time expansion in the sector in three months, as both business activity and new orders returned to growth, amid the loosening restrictions. Despite the lifting of the lockdown and renewed increases in output and new orders, companies continued to lower their staffing levels, purchasing activity and inventory holdings during the month, as backlogs of work fell again. On the price front, input prices increased, amid product shortages led to higher prices for a range of materials. Meanwhile, output prices declined for the third month running, as demand remained relatively soft. Lastly, business sentiment remained positive, due to hopes that business activity grew further, amid the loosening restrictions. source: Markit Economics

Composite PMI in Uganda averaged 53.14 points from 2016 until 2021, 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 2021.

Composite PMI in Uganda is expected to be 56.00 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 53.80 in 12 months time. In the long-term, the Uganda Composite PMI is projected to trend around 55.00 points in 2022 and 56.00 points in 2023, according to our econometric models.

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Uganda Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.20 34.60 58.80 21.60 2016 - 2021 points Monthly
SA


News Stream
Uganda Private Sector Returns to Growth
The Stanbic Bank Uganda PMI surged to 50.2 in August of 2021 from 34.6 in the prior month, pointing to the first time expansion in the sector in three months, as both business activity and new orders returned to growth, amid the loosening restrictions. Despite the lifting of the lockdown and renewed increases in output and new orders, companies continued to lower their staffing levels, purchasing activity and inventory holdings during the month, as backlogs of work fell again. On the price front, input prices increased, amid product shortages led to higher prices for a range of materials. Meanwhile, output prices declined for the third month running, as demand remained relatively soft. Lastly, business sentiment remained positive, due to hopes that business activity grew further, amid the loosening restrictions.
2021-09-03
Uganda Private Sector Shrinks the Most in 15 Months
The Stanbic Bank Uganda PMI declined to 34.6 in July of 2021 from 34.9 in the prior month. This was the second straight month of contraction in the private sector and the steepest pace since April 2020, and was below the series average of 52.5, amid imposing the lockdown measures to contain the spread of the coronavirus. Both output and new orders declined, with companies scaled back their employment and purchasing activity, in both cases for the second consecutive month. As a result, employment fell. On the price front, input prices fell, ending a 13-month sequence of inflation. Meanwhile, selling prices declined for the second straight month. Lastly, business sentiment remained positive, due to hopes that business activity will rebound once the lockdown measures are lifted.
2021-08-04
Uganda Private Sector Shrinks the Most in 14 Months
The Stanbic Bank Uganda PMI slumped to 34.9 in June of 2021 from 56.5 in the prior month. This was the first time contraction in the private sector since January and the steepest pace since April 2020, and was below the series average of 52.8, amid imposing the lockdown measures to contain the spread of the coronavirus. Both output and new orders declined, with companies scaled back their employment and purchasing activity, in both cases for the first time in five months. As a result, employment fell. On the price front, input prices rose for the thirteenth straight month, due to a faster rise in prices of raw materials, amid product shortages. Meanwhile, selling prices declined for the first time in six months, as part of efforts to attract customers. Lastly, business sentiment remained positive, due to hopes that business activity will rebound once the lockdown measures are lifted.
2021-07-05
Uganda Private Sector Growth Eases
The Stanbic Bank Uganda PMI decreased to 56.5 in May of 2021 from 57.8 in the prior month. This was the fourth straight month of growth in private sector, as both output and new orders continued to expand. Increases in new orders led to rises in both employment and purchasing activity for the fourth straight month. Despite ongoing increases in new orders, companies were able to keep on top of workloads and deplete backlogs. On the price front, input prices rose for the twelfth straight month, due to a faster rise in prices of raw materials, electricity and fuels. As a result, selling prices continued to increase for the fifth month running. Lastly, business sentiment remained positive.
2021-06-04

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.