The Stanbic Bank Uganda PMI increased to 53.2 in March of 2021 from 51.2 in the prior month. This was the second straight month of growth in private sector and the strongest since last November, as both output and new orders continued to expand. Increases in new orders led to rises in both employment and purchasing activity for the second month running. On the price front, input prices increased for the tenth straight month, due to a faster rise in prices of electricity and water. As a result, selling prices continued to increase. Lastly, business sentiment remained positive, due to hopes an improvement in new business in coming months. source: Markit Economics

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 April of 2021.

Composite PMI in Uganda is expected to be 49.70 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 54.00 in 12 months time. In the long-term, the Uganda Composite PMI is projected to trend around 55.00 points in 2022, according to our econometric models.

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Uganda Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.20 51.20 58.80 21.60 2016 - 2021 points Monthly
SA


News Stream
Uganda Private Sector PMI Highest in 4 Months
The Stanbic Bank Uganda PMI increased to 53.2 in March of 2021 from 51.2 in the prior month. This was the second straight month of growth in private sector and the strongest since last November, as both output and new orders continued to expand. Increases in new orders led to rises in both employment and purchasing activity for the second month running. On the price front, input prices increased for the tenth straight month, due to a faster rise in prices of electricity and water. As a result, selling prices continued to increase. Lastly, business sentiment remained positive, due to hopes an improvement in new business in coming months.
2021-04-07
Uganda Private Sector Returns to Growth
The Stanbic Bank Uganda PMI rose to 51.2 in February of 2021 from 49.8 in the prior month, signalling an improvement in business conditions, amid the coronavirus pandemic. New orders and employment both returned to growth and output continued to rise. The end of the election period and preparations for a wider reopening of schools supported a return to growth of new orders. At the same time, purchasing activity rose for the first time in three months. On the price front, input prices increased for the ninth straight month. As a result, selling prices continued to increase. Lastly, business sentiment remained positive, supported optimism that business activity will increase over the coming year.
2021-03-03
Uganda Private Sector Shrinks for 1st Time in 7 Months
The Stanbic Bank Uganda PMI declined to 49.8 in January of 2021 from 51.2 in the prior month. The latest reading pointed to the first monthly contraction in seventh months in the country's private sector, amid the coronavirus pandemic. Both new orders and employment fell, while business activity continued to increase. Meanwhile, output continued to expand. At the same time, companies also scaled back their purchasing activity. On the price front, input prices increased for the eighth straight month. As a result, selling prices rose after falling in the previous month. Lastly, business sentiment remained positive, supported optimism that business activity will increase over the coming year.
2021-02-03
Uganda Private Sector Growth Eases to 5-Month Low
The Stanbic Bank Uganda PMI decreased to 51.2 in December 2020 from 53.9 in the prior month and below the series average. The latest reading pointed to the sixth straight month of expansion in the country's private sector, but the weakest expansion since July, amid the coronavirus pandemic. Both output and new orders continued to grow while employment declined for first time in five months. At the same time, companies also scaled back their purchasing activity as they deemed current inventory levels to be sufficient to deal with workloads. On the price front, input prices increased for the seventh straight month amid reports of higher prices for electricity and transportation. Meanwhile, selling prices fell for first time since June amid efforts to attract customers. Lastly, business sentiment remained positive, supported optimism in the outlook for output.
2021-01-06

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.