Business Confidence in Uganda increased to 43.06 points in June from 33.96 points in May of 2020.

Business Confidence in Uganda averaged 56.65 points from 2012 until 2020, reaching an all time high of 65.54 points in March of 2013 and a record low of 33.96 points in May of 2020. This page provides the latest reported value for - Uganda Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uganda Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Business Confidence in Uganda is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Uganda to stand at 57.00 in 12 months time. In the long-term, the Uganda Business Confidence is projected to trend around 57.50 points in 2021 and 58.00 points in 2022, according to our econometric models.

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Uganda Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
43.06 33.96 65.54 33.96 2012 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-03 11:00 AM Mar 54.2 54.7 53
2020-05-06 12:00 PM Apr 49.9 51.2 52
2020-06-05 02:00 PM May 34 44.5 46
2020-07-06 09:00 AM Jun 43.1 34 40
2020-08-06 08:00 AM Jul 43.1
2020-09-04 09:30 AM Aug
2020-10-05 08:00 AM Sep 52
2020-11-05 01:15 PM Oct


News Stream
Uganda Business Morale Sinks to Record Low
The Business Tendency Index in Uganda slipped to 49.9 in April of 2020 from a downwardly revised 51.2 in the previous month. This was the lowest reading since the survey began in July of 2012, due to the negative effects of the coronavirus pandemic. Decreases were seen in all indexes: the present business situation (44.8 vs 46 in March); the business situation in three months (57.3 vs 58.8); new orders (47 vs 48.7); employment (45.2 vs 46.3); average selling prices (50.5 vs 51.1); financial situation 846.4 vs 46.8) and access to credit (33.1 vs 33.8).
2020-05-06
Uganda Business Sentiment Rises Slightly in February
The Business Tendency Index in Uganda edged up to 56.9 in February of 2020 from an upwardly revised 56.7 in the previous month, ending a 12-month streak of drops. Mild improvements were seen in the present business situation (50.16 vs 50.10 in January); the business situation in three months (65.83 vs 65.75); average selling prices (53.35 vs 53.17) and the financial situation (48.02 vs 47.98).
2020-03-05
Uganda Business Sentiment Falls to Over 2-1/2-Year Low
The Business Tendency Index in Uganda fell to 56 in January 2020 from 56.3 in the previous month. It was its lowest level since May 2017, amid a deterioration in present business situation (49.9 from 50.1 in December); and business situation in three months (64.7 from 65.1). Meantime, order volumes increased (56.6 from 56.5) while financial situation remained unchanged (at 48.6).
2020-02-06
Uganda Business Morale Lowest since 2017
The Business Tendency Index in Uganda decreased to 56.3 in December 2019 from a downwardly revised 56.6 in the previous month. It was the lowest reading since May 2017 amid deterioration in present business situation (49.4 from 49.8 in November); business situation in three months (64.6 from 65.3); order volumes (55.8 from 56.2) and financial situation (48.3 from 48.6).
2020-01-06

Uganda Business Confidence
In Uganda, the Business Tendency Index measures the level of optimism that executives have about current and expected outlook for production, order levels, employment, prices and access to credit. The Index covers the major sectors of the economy, namely construction, manufacturing, wholesale trade, agriculture and other services. The Overall Business Tendency Index above 50 indicates an improving outlook and below 50 a deteriorating outlook.