The Business Tendency Index in Uganda decreased to 56.3 in December 2019 from a downwardly revised 56.6 in the previous month. It was the lowest reading since May 2017 amid deterioration in present business situation (49.4 from 49.8 in November); business situation in three months (64.6 from 65.3); order volumes (55.8 from 56.2) and financial situation (48.3 from 48.6).
Business Confidence in Uganda averaged 57.34 points from 2012 until 2019, reaching an all time high of 62.59 points in December of 2012 and a record low of 51.92 points in August of 2015. This page provides the latest reported value for - Uganda Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Business Confidence in Uganda is expected to be 56.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Uganda to stand at 57.40 in 12 months time. In the long-term, the Uganda Business Confidence is projected to trend around 57.70 points in 2020, according to our econometric models.