The Stanbic Bank Uganda PMI went down to 57.5 in August 2019 from 58.2 in the prior month. The reading pointed to 31st straight month of expansion in the private sector, as both output and new orders continued to increase and employment grew further. Also, firms increased their purchasing activity. Reflecting this, stocks of purchases also increased, extending the current period of accumulation to five months. In terms of prices, overall input costs rose, mainly due to increases in staff costs, electricity, fuel and water. Accordingly, companies raised their output prices. Lastly, the business sentiment remained positive in line with improving client demand and business expansion plans. Composite Pmi in Uganda is reported by Markit Economics.

Composite Pmi in Uganda is expected to be 56.20 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 53.40 in 12 months time. In the long-term, the Uganda Composite Pmi is projected to trend around 54.00 in 2020, according to our econometric models.

Uganda Composite Pmi
Forecast Data Chart
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Uganda Business Last Previous Highest Lowest Unit
Business Confidence 57.80 57.90 62.60 52.02 Index Points [+]
Leading Economic Index 233.05 232.92 233.05 94.80 Index Points [+]
Internet Speed 2353.31 2515.97 2515.97 104.48 KBps [+]
IP Addresses 20690.00 19366.00 22382.00 1926.00 IP [+]
Ease of Doing Business 127.00 122.00 135.00 106.00 [+]
Corruption Index 26.00 26.00 29.00 19.00 Points [+]
Corruption Rank 149.00 151.00 151.00 43.00 [+]
Changes In Inventories 197.42 197.42 197.98 126.47 UGX billion [+]
Competitiveness Index 46.80 46.97 46.97 3.33 Points [+]
Competitiveness Rank 117.00 113.00 129.00 108.00 [+]
Composite Pmi 57.50 58.20 58.20 47.70 [+]

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 page provides - Uganda Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Composite Pmi - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
57.50 58.20 58.20 47.70 2016 - 2019 Monthly

Country Last Previous
Australia 49.30 Aug/19
Brazil 51.90 Aug/19
China 51.60 Aug/19
Euro Area 51.90 Aug/19
France 52.90 Aug/19
Germany 51.70 Aug/19
India 52.60 Aug/19
Italy 50.30 Aug/19
Japan 51.90 Aug/19
Russia 51.50 Aug/19
Singapore 48.70 Aug/19
South Africa 49.70 Aug/19
United Kingdom 50.20 Aug/19
United States 50.70 Aug/19