The Stanbic Bank Uganda PMI was down slightly to 54.1 in November 2021 from 54.6 in the prior month but pointing to the fourth straight month of increase. Both output and new orders increased for the fourth month running while employment grew for the first time in six months. Firms also increased their buying activity and inventory holdings in response to rising new business. On the cost front, input prices rose further amid higher costs for fuel, purchases, and staff; and firms raised their own selling prices for the third month in a row. Looking ahead, sentiment remained upbeat, supported by expectations of further improvements in new orders and customer numbers. source: Markit Economics

Composite PMI in Uganda averaged 52.57 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 December of 2021.

Composite PMI in Uganda is expected to be 53.00 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 55.00 points in 2022 and 56.00 points in 2023, according to our econometric models.

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Uganda Composite PMI


Related Last Previous Unit Reference
Composite PMI 54.10 54.60 points Nov/21

News Stream
Ugandan Private Sector Grows for 4th Month
The Stanbic Bank Uganda PMI was down slightly to 54.1 in November 2021 from 54.6 in the prior month but pointing to the fourth straight month of increase. Both output and new orders increased for the fourth month running while employment grew for the first time in six months. Firms also increased their buying activity and inventory holdings in response to rising new business. On the cost front, input prices rose further amid higher costs for fuel, purchases, and staff; and firms raised their own selling prices for the third month in a row. Looking ahead, sentiment remained upbeat, supported by expectations of further improvements in new orders and customer numbers.
2021-12-03
Uganda Private Sector PMI Highest in 5 Months
The Stanbic Bank Uganda PMI increased to 54.6 in October of 2021 from 52.5 in the prior month, pointing to the third straight month of expansion in the sector in and the highest reading since May, as output and new orders continued to expand, amid an easing COVID-19 restrictions. Despite the lifting of the lockdown and increases in output and new orders, companies continued to lower their staffing levels, amid cost pressures. On the price front, input prices rose due to higher purchase costs and increased utility charges. As a result, output prices increased for the second straight month. Lastly, business sentiment remained positive.
2021-11-03
Uganda Private Sector Growth Accelerates
The Stanbic Bank Uganda PMI increased to 52.5 in September of 2021 from 50.2 in the prior month, pointing to the second straight month of expansion in the sector in and the highest reading since May, as output and new orders continued to grow, amid a loosening lockdown restrictions. Despite the lifting of the lockdown and increases in output and new orders, companies continued to lower their staffing levels, purchasing activity and inventory holdings. On the price front, input prices rose on the back of higher purchase costs and increased utility charges. As a result, output prices increased for the first time since May. Lastly, business sentiment remained positive, amid expectations of improvements in customer numbers and new order volumes.
2021-10-05

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.