Private sector
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
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
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
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
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
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
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
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
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 GlobalMore Private sector
Business conditions stay strong in June
Business conditions in the private sector continued improving in June, buttressed by a widening customer base that lifted the demand for goods, according to IHS Markit's Purchasing Manager's Index
Business activity strengthens further but production costs a growing concern
Business activity rose to the highest extent recorded so far this year in May, propelled by stronger demand, according to a survey of purchasing executives in 400 private sector companies
Private sector expands at best rate in three months
A rise in new orders was the key driver of growth in Uganda's private sector activity in March, according to a monthly survey of purchasing executives
Private sector activity expands at slower pace in January
Activity in Uganda's private sector increased at a slower pace in January compared to the previous month, according to an index that tracks its economic health
New export orders improve for second straight month in December as private sector activity growth falls
Business conditions in the private sector improved at a slightly slower pace in December compared to the previous month, according to the Stanbic Bank Uganda Purchasing Managers’ Index
Private sector activity growth falls for third consecutive month
Activity in Uganda's private sector eased in October as political events in export destinations decreased new business from abroad
Growth in private sector activity dips in September as new export orders rebound
Activity in Uganda's private sector dipped slightly in September, a survey of business managers shows
Private sector growth stable in August – Markit
A survey of business managers shows that Uganda's private sector growth remained unchanged in August as both output and new orders increased for the seventh consecutive month, but with a drop registered for new export orders
Commercial bank lending growth slows in March
Commercial banks' lending to the private sector in March expanded by 6.2% year-on-year, less than February's 7.5% rate, but still the sixth consecutive month credit growth has been positive.
Private sector activity maintains positive momentum, but external orders continue falling – IHS Markit
Activity in the private sector in April was unchanged from a month ago when a new survey of purchasing managers found that business conditions had improved from the previous period.
