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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

3 February 2021

Uganda private sector activity drops the most since June – survey

Business activity in Uganda dropped for the first time in seven months in January due to the election period, with companies experiencing a slump in new orders and a decline in activity, according to a key survey

An industrial storage area
3 July 2020

Private sector contraction slows, PMI shows

Uganda's private sector shrunk at a slower pace in June compared to the previous month, according to a closely watched survey of company executives

An industrial storage area
6 May 2020

Business activity shrinks at fastest rate on record in April

Business activity in Uganda's private sector shrunk at the fastest pace on record in April, according to a survey, playing up the economic impact of the lockdown instituted to check the spread of the coronavirus and the global Covid-19 pandemic

3 April 2020

Private sector contracts for the first time in over three years in Covid-19 fallout

The first indicator showing the economic impact of the Covid-19 coronavirus outbreak is out, and it shows that private sector activity in Uganda shrunk for the first time in over three years

Namirembe Road in downtown Kampala
4 March 2020

Private sector activity falls to 5-month low on coronavirus supply disruptions

Uganda's private sector expanded at its slowest pace in five months in February as the coronavirus outbreak affected the supply of goods from China, according to a survey of purchasing managers' activity released on Wednesday

Mombasa Port in Kenya
5 February 2020

Private sector growth hits record in January

Growth in Uganda's private sector rebounded to a record high in January as demand further improved, according to a survey by IHS Markit

Workers on a construction project
6 January 2020

Private sector closes out 2019 on strong note despite easing

Private sector output in Uganda eased slightly in the last month of 2019, although it maintained a strong growth trajectory, data from global research firm IHS Markit showed on Monday

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

November business activity expands the most in almost 4 years

Business activity in Uganda expanded at the fastest pace in close to four years in November on improved demand, an IHS Markit survey showed on Wednesday

Apartment blocks in Nalya Housing Estate, Kampala
5 November 2019

Business activity improves in October

Business activity in Uganda’s private sector rose for the thirty-third month in a row thanks to an increase in new orders, according to a survey released on Tuesday

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