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.

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Uganda Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.20 53.90 58.80 21.60 2016 - 2020 points Monthly
SA


News Stream
Uganda Private Sector Growth Eases to 5-Month Low
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.
2021-01-06
Uganda Private Sector Grows for 5th Month
The Stanbic Bank Uganda PMI declined to 53.9 in November 2020 from 55.8 in the prior month but still above the series average. The latest reading pointed to the fifth straight month of expansion in the country's private sector, amid an easing of restrictions around the coronavirus pandemic. Both output and new orders continued to grow while employment increased for the fourth month running. Purchasing activity also increased, with the expansion of input buying fed through to higher inventories, while suppliers worked to improve delivery times in order to keep hold of business. On the price front, input prices increased for the sixth straight month amid reports of higher prices for raw materials, transportation and staff costs. As a result, selling prices rose for the fifth straight month. Lastly, business sentiment remained positive, amid expectations of further improvements in new order volumes.
2020-12-03
Uganda Private Sector PMI Highest in 8 Months
The Stanbic Bank Uganda PMI increased to 55.8 in October 2020 from 54.5 in the prior month. The latest reading pointed to the fourth straight month of expansion in the country's private sector and the strongest since February, amid an easing of restrictions around the coronavirus pandemic. Both output and new orders continued to grow while employment increased for the third month running. Purchasing activity also increased, with prompt deliveries by suppliers helping to support a rise in inventory holdings. On the price front, input prices increased for the fifth straight month amid reports of higher prices for electricity and water alongside increasing purchase prices and staff costs. As a result, selling prices rose for the fourth straight month. Lastly, business sentiment remained positive, amid expectations of less stringent Covid-19 restrictions and predictions of further improvements in business conditions.
2020-11-04
Uganda Private Sector Activity Little-Changed
The Stanbic Bank Uganda PMI inched down to 54.5 in September 2020 from 54.6 in the prior month. It was the third straight month of expansion in the sector, amid a loosening of restrictions around the coronavirus pandemic. Both output and new orders continued to grow. Also, employment increased for second month running, contributing to a first rise in staff costs for seven months. On the price front, input prices increased amid reports of higher prices for electricity and water alongside increasing purchase prices and staff costs. Meanwhile, selling prices rose for the third straight month, due to the passing on of higher input costs and efforts to protect profit margins. Lastly, business sentiment remained positive, supported by hopes of a gradual return to normality in business conditions, amid the reopening of the border.
2020-10-05

Uganda Composite PMI
The Stanbic Bank Uganda Purchasing Managers’ Index is based on data compiled from monthly replies to questionnaires sent to purchasing executives in approximately 400 private sector companies, which have been carefully selected to accurately represent the true structure of the Ugandan economy, including agriculture, construction, industry, services and wholesale & retail. The panel is stratified by GDP and company workforce size. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. A reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. The Purchasing Managers’ Index™ (PMI™) is a composite index based on five of the individual sub-components with the following weights: New Orders - 0.3, Output - 0.25, Employment - 0.2, Suppliers’ Delivery Times - 0.15, Stock of Items Purchased - 0.1, with the Suppliers’ Delivery Times sub-component inverted so that it moves in a comparable direction.