Business Confidence in Uganda increased to 51.68 points in October from 50.76 points in September of 2020. source: Bank of Uganda

Business Confidence in Uganda averaged 56.32 points from 2012 until 2020, reaching an all time high of 65.54 points in March of 2013 and a record low of 33.75 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 November of 2020.

Business Confidence in Uganda is expected to be 48.70 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 56.00 in 12 months time. In the long-term, the Uganda Business Confidence is projected to trend around 54.00 points in 2021 and 58.00 points in 2022, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Uganda Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
51.68 50.76 65.54 33.75 2012 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-08-06 08:00 AM Jul 46 43.1 46
2020-09-04 09:30 AM Aug 48 46 48.5
2020-10-05 08:00 AM Sep 51 48 50
2020-11-09 02:00 PM Oct 52 51 52
2020-12-04 10:00 AM Nov 52
2021-01-06 09:00 AM Dec
2021-02-05 10:30 AM Jan
2021-03-05 10:00 AM Feb

News Stream
Uganda Business Morale at 5-Month High in July
The Business Tendency Index in Uganda rose to 46 in July of 2020 from 43.1 in the previous month. It was the highest reading since February, as the country has started easing some lockdown restrictions that have been in place since March. Improvements were seen in the present business situation (35.4 vs 25.9 in June); new orders (47 vs 37.2); employment (40.8 vs 38.5); average selling prices (50.5 vs 50); financial situation (36 vs 27.6) and access to credit (29.7 vs 25.4). Meanwhile, expectations regarding the business situation in 3 months dropped slightly (58.7 vs 58.8).
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).
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).
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).

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.