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 - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Uganda averaged 57.31 points from 2012 until 2020, reaching an all time high of 62.64 points in December of 2012 and a record low of 51.93 points in August of 2015. 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.

Business Confidence in Uganda is expected to be 55.00 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 57.40 in 12 months time. In the long-term, the Uganda Business Confidence is projected to trend around 57.80 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
56.00 56.29 62.64 51.93 2012 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-05 01:15 PM Oct 57.7 57.9 57.4
2019-12-05 10:00 AM Nov 56.7 57.1 57.2
2020-01-06 09:00 AM Dec 56.3 56.6 56.2
2020-02-06 10:30 AM Jan 56 56.3 55.7
2020-03-05 10:00 AM Feb 56 55.4
2020-04-03 11:50 AM Mar 55
2020-05-05 10:30 AM Apr 54.7
2020-06-05 11:25 AM May


News Stream
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 Morale at Near 1-1/2-Year Low
The Business Tendency Index in Uganda declined to 56.7 in November 2019 from a downwardly revised 57.1 in the previous month. It was the lowest reading since July last year, amid decreases in present business situation (50.9 vs 51.0 in October); business situation in three months (65.7 vs 66.4); order volumes (56.1 vs 56.8); financial situation (47.9 vs 48.0) and average selling prices (52.5 vs 52.8). Meanwhile, slight improvements were observed in employment (50.5 vs 50.4) and access to credit (36.9 vs 36.5).
2019-12-05
Uganda Business Morale Lowest in Over a Year
The Business Tendency Index in Uganda edged down to 57.7 in October of 2019 from a downwardly revised 57.9 in the previous month. It was the weakest reading since August last year, amid decreases in present business situation (50.8 from 51.2 in September); business situation in three months (67.4 from 67.8); average selling prices (53.2 from 53.5) and financial situation (48.0 from 48.4). In contrast, slight improvements were seen in orders volumes (59.4 from 58.9) and access to credit (36.8 from 36.3).
2019-11-05

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.