The Stanbic Bank Uganda PMI rose to 57.8 in June 2019, the highest since the series began in June 2016, from 57.3 in the prior month. The reading pointed to 29th straight month of expansion in the private sector, as both output and new orders continued to increase and employment growth accelerated. Also, firms increased their purchasing activity at the end of the second quarter, and stocks of purchases also went up. In terms of prices, overall input costs rose, mainly due to increases in electricity and water, alongside further rises in staff costs. Accordingly, companies raised their output prices. Finally, the business sentiment was positive. Composite Pmi in Uganda is reported by Markit Economics.

Composite Pmi in Uganda is expected to be 53.00 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 53.20 in 12 months time. In the long-term, the Uganda Composite Pmi is projected to trend around 54.00 in 2020, according to our econometric models.

Uganda Composite Pmi
Forecast Data Chart
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Uganda Business Last Previous Highest Lowest Unit
Business Confidence 57.58 57.87 62.61 52.01 Index Points [+]
Leading Economic Index 232.10 231.10 232.10 94.80 Index Points [+]
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 127.00 122.00 135.00 106.00 [+]
Corruption Index 26.00 26.00 29.00 19.00 Points [+]
Corruption Rank 149.00 151.00 151.00 43.00 [+]
Changes In Inventories 197.42 197.42 197.98 126.47 UGX billion [+]
Competitiveness Index 46.80 46.97 46.97 3.33 Points [+]
Competitiveness Rank 117.00 113.00 129.00 108.00 [+]
Composite Pmi 57.80 57.30 57.80 47.70 [+]

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. This page provides - Uganda Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Composite Pmi - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
57.80 57.30 57.80 47.70 2016 - 2019 Monthly

Country Last Previous
Australia 52.50 Jun/19
Brazil 49.00 Jun/19
China 50.60 Jun/19
Euro Area 52.20 Jun/19
France 52.70 Jun/19
Germany 52.60 Jun/19
India 50.80 Jun/19
Italy 50.10 Jun/19
Japan 50.80 Jun/19
Russia 49.20 Jun/19
Singapore 50.60 Jun/19
South Africa 49.70 Jun/19
United Kingdom 49.70 Jun/19
United States 51.50 Jun/19