The Stanbic Bank Uganda PMI declined to 51.5 in May of 2022 from April's of 53.9, signalling a tenth consecutive monthly expansion. The latest figure also marked the weakest expansion in the private sector since last December, amid reports that prices pressures had acted to limit demand. Both output and new orders continued to grow, with output increasing in the industry, services and wholesale & retail sectors, but declining in agriculture and construction. Meanwhile, both employment and purchasing activity rose, as new orders expanded, alongside improved supplier performance. On the price front, input prices accelerated, due to rises in prices of fuel, raw material, and wages. In response, firms raised their output charges for the ninth in as many months. Finally, business sentiment remained positive on predictions of new order growth and hopes for an alleviation of price pressures. source: Markit Economics
Composite PMI in Uganda averaged 52.64 points from 2016 until 2022, 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 June of 2022.
Composite PMI in Uganda is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Composite PMI is projected to trend around 56.00 points in 2023 and 58.00 points in 2024, according to our econometric models.