The Business Tendency Index in Uganda slipped to 49.9 in April of 2020 from a downwardly revised 51.2 in the previous month. This was the lowest reading since the survey began in July of 2012, due to the negative effects of the coronavirus pandemic. Decreases were seen in all indexes: the present business situation (44.8 vs 46 in March); the business situation in three months (57.3 vs 58.8); new orders (47 vs 48.7); employment (45.2 vs 46.3); average selling prices (50.5 vs 51.1); financial situation 846.4 vs 46.8) and access to credit (33.1 vs 33.8).
Business Confidence in Uganda averaged 57.10 points from 2012 until 2020, reaching an all time high of 62.70 points in December of 2012 and a record low of 49.90 points in April of 2020. 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. Uganda Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
Business Confidence in Uganda is expected to be 51.20 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 56.00 in 12 months time. In the long-term, the Uganda Business Confidence is projected to trend around 57.50 points in 2021 and 58.00 points in 2022, according to our econometric models.