The Stanbic Bank Uganda PMI rose to 54.7 in April 2019 from 51.7 in the prior month and marking the highest reading since January. Still, it signalled the 27th straight month of expansion in the country's private sector, as both output and new orders continued to rise. At the same time, employment growth was sustained. In contrast, export orders decreased amid issues on the border with Rwanda. Meantime, the purchasing activity increased for 14th straight month, which helped to raise inventories following the decline in March. In terms of prices, overall input costs rose, with panellists reporting increases in electricity and water bills, alongside further rises in both purchase prices and staff costs. Accordingly, companies raised their output prices. 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 58.63 59.00 62.63 52.03 Index Points [+]
Leading Economic Index 230.23 229.84 230.23 94.81 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 54.70 51.70 57.50 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.70 51.70 57.50 47.70 2016 - 2019 Monthly

Country Last Previous
Australia 50.00 Apr/19
Brazil 50.60 Apr/19
China 52.70 Apr/19
Euro Area 51.50 Apr/19
France 50.10 Apr/19
Germany 52.20 Apr/19
India 51.70 Apr/19
Italy 49.50 Apr/19
Japan 50.80 Apr/19
Russia 53.00 Apr/19
Singapore 53.30 Apr/19
South Africa 50.30 Apr/19
United Kingdom 50.90 Apr/19
United States 53.00 Apr/19