The Stanbic Bank Uganda PMI increased to 57.8 in April of 2021 from 53.2 in the prior month. This was the third straight month of growth in private sector and the strongest pace since January 2020, as both output and new orders continued to grow. Increases in new orders led to rises in both employment and purchasing activity for the third month running. On the price front, input prices increased for the eleventh straight month, due to a faster rise in prices of raw materials electricity and fuels. As a result, selling prices continued to increase for the fourth month running. Lastly, business sentiment remained positive, due to hopes an increase in output over the coming year. 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 May of 2021.
Composite PMI in Uganda is expected to be 49.70 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 54.00 in 12 months time. In the long-term, the Uganda Composite PMI is projected to trend around 55.00 points in 2022, according to our econometric models.