The Stanbic Bank Uganda PMI decreased to 51.2 in December 2020 from 53.9 in the prior month and below the series average. The latest reading pointed to the sixth straight month of expansion in the country's private sector, but the weakest expansion since July, amid the coronavirus pandemic. Both output and new orders continued to grow while employment declined for first time in five months. At the same time, companies also scaled back their purchasing activity as they deemed current inventory levels to be sufficient to deal with workloads. On the price front, input prices increased for the seventh straight month amid reports of higher prices for electricity and transportation. Meanwhile, selling prices fell for first time since June amid efforts to attract customers. Lastly, business sentiment remained positive, supported optimism in the outlook for output. source: Markit Economics
Composite Pmi in Uganda averaged 52.88 points from 2016 until 2020, reaching an all time high of 58.80 points in January of 2020 and a record low of 21.60 points in April of 2020. This page provides - Uganda Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Composite PMI in Uganda is expected to be 54.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Uganda to stand at 57.00 in 12 months time. In the long-term, the Uganda Composite PMI is projected to trend around 55.00 points in 2021 and 57.00 points in 2022, according to our econometric models.