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
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 Purchasing Managers’ Index
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
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
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
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
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
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
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
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”
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
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
