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. 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 October of 2020.
Composite Pmi in Uganda is expected to be 54.00 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 56.00 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.