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.

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Uganda Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
56.30 56.66 62.59 51.92 2012 - 2019 points Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 08:00 AM Sep 58.6 58.4 57.6
2019-11-05 01:15 PM Oct 57.7 57.9 57.4
2019-12-05 10:00 AM Nov 56.7 57.1 57.2
2020-01-06 09:00 AM Dec 56.3 56.6 56.2
2020-02-05 09:00 AM Jan 56.3 55.7
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-05
Uganda Business Morale at Near 1-1/2-Year Low
The Business Tendency Index in Uganda declined to 56.7 in November 2019 from a downwardly revised 57.1 in the previous month. It was the lowest reading since July last year, amid decreases in present business situation (50.9 vs 51.0 in October); business situation in three months (65.7 vs 66.4); order volumes (56.1 vs 56.8); financial situation (47.9 vs 48.0) and average selling prices (52.5 vs 52.8). Meanwhile, slight improvements were observed in employment (50.5 vs 50.4) and access to credit (36.9 vs 36.5).

2019-11-05
Uganda Business Morale Lowest in Over a Year
The Business Tendency Index in Uganda edged down to 57.7 in October of 2019 from a downwardly revised 57.9 in the previous month. It was the weakest reading since August last year, amid decreases in present business situation (50.8 from 51.2 in September); business situation in three months (67.4 from 67.8); average selling prices (53.2 from 53.5) and financial situation (48.0 from 48.4). In contrast, slight improvements were seen in orders volumes (59.4 from 58.9) and access to credit (36.8 from 36.3).

2019-10-04
Uganda Business Morale Rises to 6-Month High
The Business Tendency Index in Uganda rose to 58.6 in September 2019 from an upwardly revised 58.4 in the previous month. Improvements were seen in present business situation (51.8 from 51.7 in August); employment (50.4 from 50.3); order volumes (59 from 58.5); and access to credit (35.6 from 35.3). On the other hand, managers’ assessment deteriorated for financial situation (48.7 from 48.8); and business situation in 3 months (68.5 from 68.6). Meantime, average selling prices slowed (54.3 from 54.4).

2019-09-05
Uganda Business Sentiment at Near 1-Year Low
The Business Tendency Index in Uganda edged down to 57.84 in August 2019 from a downwardly revised 57.87 in the previous month, reaching its lowest level since last September. Decreases were seen in present business situation (51.24 from 51.48 in July); business situation in 3 months (68.60 from 68.75); employment (49.77 from 49.90); average selling prices (54.26 from 54.57); access to credit (49.07 from 49.20) and financial situation (34.53 from 35.66). In contrast, order volumes with suppliers rose further (58.08 from 57.61).

2019-08-06
Uganda Business Sentiment Drops to 9-Month Low
The Business Tendency Index in Uganda fell slightly to 58.10 in July from an upwardly revised 58.15 in the previous month, reaching its lowest level since last October. Decreases were observed in present business situation (51.80 from 51.99 in June); business situation in 3 months (69.23 from 69.35); employment (50.55 from 50.61); access to credit (34.33 from 34.58) and average selling prices (53.50 from 54.10). In contrast, order volumes with suppliers (56.44 from 56.35) and financial situation (49.76 from 49.65) went up.

2019-07-05
Uganda Business Confidence at 9-Month Low
The Business Tendency Index in Uganda dropped to 57.58 in June 2019 from a downwardly revised 57.87 in the previous month, reaching its lowest level since last September. Decreases were seen in all components: present business situation (51.69 from 52.02 in May); business situation in 3 months (69.31 from 69.39); order volumes with suppliers (55.08 from 55.46); employment (50.14 from 50.47); financial situation (48.96 from 49.19); access to credit (34.73 from 34.95) and average selling prices (54.41 from 54.93), linked to stronger competition (69.73 from 69.57).


Uganda Business Confidence
In Uganda, the Business Tendency Index measures the level of optimism that executives have about current and expected outlook for production, order levels, employment, prices and access to credit. The Index covers the major sectors of the economy, namely construction, manufacturing, wholesale trade, agriculture and other services. The Overall Business Tendency Index above 50 indicates an improving outlook and below 50 a deteriorating outlook.

Uganda Business Last Previous Highest Lowest Unit
Business Confidence 56.30 56.66 62.59 51.92 points [+]
Leading Economic Index 0.53 0.49 2.16 -1.65 percent [+]
Internet Speed 2353.31 2515.97 2515.97 104.48 KBps [+]
IP Addresses 20690.00 19366.00 22382.00 1926.00 IP [+]
Ease of Doing Business 116.00 127.00 135.00 106.00 [+]
Corruption Index 28.00 26.00 29.00 19.00 Points [+]
Corruption Rank 137.00 149.00 151.00 43.00 [+]
Changes In Inventories 724.40 663.70 724.40 365.40 UGX billion [+]
Competitiveness Index 48.94 46.80 48.94 3.33 Points [+]
Competitiveness Rank 115.00 117.00 129.00 108.00 [+]
Composite Pmi 57.70 58.60 58.60 47.70 points [+]