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.

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Uganda Composite PMI



Related Last Previous Unit Reference
Composite PMI 51.50 53.90 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
51.50 53.90 58.80 21.60 2016 - 2022 points Monthly
SA

News Stream
Uganda Private Sector Growth Eases to 5-Month Low
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.
2022-06-06
Uganda Private Sector Growth Accelerates
The Stanbic Bank Uganda PMI increased to 53.9 in April of 2022 from March's three-month low of 51.9, signalling a ninth consecutive monthly improvement. The latest reading was above the average since the series began in almost six years, amid a further recovery from the Covid-19 lockdown at the start of the year. Output grew across each of the five sectors covered by the survey, while new orders continued to rise, amid increasing in both employment and purchasing activity. On the price front, input prices accelerated, due to rises in prices of cement, iron bars, paper, soap, sugar and other foods. In response, firms raised their output charges for the eighth in as many months. Finally, business sentiment strengthened amid a further improvement in customer numbers and new orders.
2022-05-05
Uganda Private Sector Growth at 3-Month Low
The Stanbic Bank Uganda PMI declined to a three-month low of 51.9 in March 2022 from 55.7 in February, which was the highest reading in nine months. The latest reading was also the eighth straight month of growth in the private sector, but readings was below the series average. Output increased across the industry, services and wholesale and retail sectors, but fell in agriculture and construction, while new orders grew faster. Further increases in employment, purchasing activity and inventories were recorded in response to higher new orders. On the price front, input cost increased for the eighth straight month, due to rises in fuel prices. As a result, output charges went up for the seventh successive month. Finally, sentiment remained optimistic, amid hopes of greater stability in economic conditions and commodity prices.
2022-04-05