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Purchasing Managers’ Index

A fuel station in Kibuye, Kampala
Purchasing Managers’ Index

Private sector growth slows to lowest since January

Output and new orders grew again in September, but firms reported higher fuel and transport costs, rising backlogs and delayed payments that slowed work
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

More Purchasing Managers’ Index

5 December 2023

Stanbic Uganda November PMI rises to four-month high

Closely watched measure of private sector health rose for thirteenth straight month on stronger customer demand

Downtown Kampala, where wholesale and retail trade are the dominant economic activities, close to the Old Taxi Park and St Balikuddembe Market
3 November 2023

Private sector activity slowed in October, PMI shows

Business activity in Uganda's private sector slowed in October as the services, wholesale and retail sectors reported declines, according to a closely watched survey

An overhead view of Kikuubo, Kampala's busiest market
4 October 2023

Private sector activity edged higher in September

A key gauge of activity in Uganda's private sector edged up in September, after slowing in August, as agriculture swung to an expansion to ensure that all the five sectors covered by the survey improved

5 September 2023

Growth in business activity slowed in August, Stanbic PMI shows

Stanbic Bank Uganda's purchasing managers' index receded for the third straight month in August as rising financial pressures stifled demand

An industrial storage area
3 March 2022

Inflationary pressures persist as business activity hits 9-month high in February

Private sector activity expanded in February, accelerating the most in nine months after the phased removal of pandemic restrictions, but a rise in input and labour costs saw companies raise output prices yet again

A retail shopping centre in downtown Kampala, Uganda
3 February 2022

Business activity rises to 8-month high as economy reopens

A gauge of Uganda private sector activity rose to its highest level in eight months, a sign that the economy is regaining momentum following the relaxation of Covid-19 restrictions

A teacher and pupils in a classroom
3 December 2021

Stronger demand and rising orders spark employment growth

Uganda's private sector posted its fourth month of consecutive growth as strong orders incentivised companies to increase staffing levels for the first time in six months

Female worker in a garments factory
6 May 2021

Business recovery from Covid-19 and election uncertainty continues apace

Private sector activity gauge rises for the third straight month in April, jumping to its highest level in 15 months

An industrial storage area
7 April 2021

Business activity measure points to a gradual recovery

The rise in the index signals that “the economic recovery is gaining momentum as conditions gradually return to normal”

3 March 2021

Business activity rebounds from election hit

The end of the election season and preparations for a wider school return were behind a rebound in business sentiment last month, according to a monthly survey

Voters line up to vote in DR Congo's 2018 general elections