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Private sector

Entrance to the personal banking section of a bank
Purchasing Managers’ Index

Private sector picks up pace in April despite fuel-driven cost pressures

Uganda's private sector expanded for a 15th month as the PMI rose to 55, though rising fuel costs and a declining BTI weighed on firms
An aerial view of a bright green Evergreen shipping container being transported on a red automated guided vehicle across a paved port terminal.
Purchasing Managers’ Index

Fuel costs temper steady private-sector expansion at quarter-end

Uganda’s PMI rose to 54.3 in March while BTI eased, as fuel costs and weak construction tempered momentum
High-angle view of an expansive industrial warehouse showing systematic stock accumulation in yellow bins and tiered racking.

Business conditions strengthen in February

The Stanbic Bank Uganda PMI jumped to 54.2 in February as output, employment, and new orders all rose across monitored sectors
A polling station at an unknown location in Uganda

Private sector extends growth streak to a year

Uganda's PMI reading of 52.6 extended the private sector's growth streak to a year, despite some disruption from the election period
A flatbed lorry loaded with stacks of cement bags on a street in Jinja, Uganda.

Private sector growth gains momentum at year-end

Business conditions in Uganda’s private sector strengthened at the close of 2025, with growth edging higher in December according to the latest survey of purchasing managers
A high view of a large storage area with various racks and containers

Private sector growth accelerates in November

Business conditions in Uganda's private sector strengthened in November, with growth accelerating for the second time in three months, according to a closely watched survey
Various currency notes of African countries are seen in this photo

Stronger currencies ease inflation pressures across sub-Saharan Africa

Strong currencies have helped curb inflation in several sub-Saharan African countries, giving central banks room to ease interest rates and stimulate business activity
Downtown Kampala, where wholesale and retail trade are the dominant economic activities, close to the Old Taxi Park and St Balikuddembe Market

Business conditions improve for first time in four months

September PMI data shows Uganda’s private sector strengthened for the first time in four months
Street scene outside a luggage shop in downtown Kampala

Private sector activity slows in August

Business activity in Uganda's private sector continued to expand in August, albeit at a slower pace, according to the latest purchasing managers’ index produced by S&P Global

More Private sector

7 October 2019

Private sector activity shrinks to lowest level in five months

Business activity in Uganda's private sector contracted in September for the second straight month to the lowest level since April, although it was above the 50.0 reading which shows that activity is unchanged, according to the latest Stanbic Bank Uganda purchasing managers’ index

A retail shopping centre in downtown Kampala, Uganda
4 September 2019

Business conditions in the private sector soften in August

Uganda's private sector activity declined to a three-month low in August, a business survey showed on Wednesday, although it was still above the average since the survey started in January 2016

Namirembe Road in downtown Kampala
3 July 2019

Uganda’s private sector activity growth rises to record high

Uganda’s private sector firms have reported their strongest month in three and a half years, shrugging off a protracted trade dispute with neighbouring Rwanda

Export containers at a port.
7 June 2019

Private sector activity hits four-month high

Uganda's private sector activity expanded to a four-month high in May on a rise in new business, according to a survey of business managers

Downtown Kampala
6 May 2019

Private sector bucks Rwanda border crisis with strongest growth in three months

Stronger customer demand drove up new orders for Ugandan companies last month, and helped to mitigate the effects of a border dispute with Rwanda as business activity rose to a three-month high

6 February 2019

Rising demand drives private sector growth in January

Business conditions in Uganda's private sector continued to strengthen in January on the back of improving customer demand, according to an indicator of the sector's economic health

A retail shopping centre in downtown Kampala, Uganda
5 December 2018

Private sector growth steady on stronger demand

Business activity in the private sector continued growing due to stronger demand

Workers on a construction project
5 November 2018

Uganda’s private sector shows strongest growth since 2016

Activity in Uganda's private sector recorded its strongest growth in October since the start of a monthly survey of 400 purchasing executives, supported by rising customer numbers and improving demand

5 September 2018

Private sector PMI reflects trade “disruptions” in August

Uganda's private sector recorded its slowest growth in four months in August, dampened by declines in conditions in agriculture and wholesale and retail

Shops in Kampala's Old Taxi Park.
3 August 2018

Uganda private sector activity growth gauge unchanged in July

Business conditions in Uganda's private sector continued expanding in July, with activity expanding at a rate unchanged from June, according to a survey of purchasing executives.