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.