The Stanbic Bank Uganda PMI plunged to 21.6 in April 2020 from 45.3 in the prior month. It was the second straight month of contraction in the sector and the lowest reading since the survey began in June 2016, as both output and new orders declined further, due to the impact of COVID-19 pandemic. With output requirements down, companies looked to scale back employment and purchasing activity, in each case for the second month running. Meantime, supply chains remained under pressure, with manufacturers noting restrictions relating to the coronavirus pandemic had impacted raw material availability. On the price front, both input costs and selling prices fell for the first time in the survey's history, amid a lack of demand. Lastly, business sentiment turned negative for the first time amid concerns over how long the impacts of the pandemic will last.

Composite Pmi in Uganda averaged 53.36 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 June of 2020. source: Markit Economics

Composite Pmi in Uganda is expected to be 25.00 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 54.00 in 12 months time. In the long-term, the Uganda Composite Pmi is projected to trend around 55.00 points in 2021 and 56.60 points in 2022, according to our econometric models.

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Uganda Composite Pmi

Actual Previous Highest Lowest Dates Unit Frequency
21.60 45.30 58.80 21.60 2016 - 2020 points Monthly
SA


News Stream
Uganda Private Sector Deteriorates at Record Pace
The Stanbic Bank Uganda PMI plunged to 21.6 in April 2020 from 45.3 in the prior month. It was the second straight month of contraction in the sector and the lowest reading since the survey began in June 2016, as both output and new orders declined further, due to the impact of COVID-19 pandemic. With output requirements down, companies looked to scale back employment and purchasing activity, in each case for the second month running. Meantime, supply chains remained under pressure, with manufacturers noting restrictions relating to the coronavirus pandemic had impacted raw material availability. On the price front, both input costs and selling prices fell for the first time in the survey's history, amid a lack of demand. Lastly, business sentiment turned negative for the first time amid concerns over how long the impacts of the pandemic will last.
2020-05-06
Uganda Private Sector Shrinks for 1st Time in Over 3 Years
The Stanbic Bank Uganda PMI plunged to 45.3 in March 2020 from 56.2 in the prior month. It was the first contraction in the sector since January 2017, as both output and new orders declined for first time in 38 months, due to the impact COVID-19 pandemic. At the same time, employment shrank for first time since the survey began in June 2016. Meantime, supply chained remained under pressure, with manufacturers noting restrictions relating to the coronavirus pandemic had impacted shipping and raw material availability especially from China. On the price front, input costs rose, leading companies to raise charges despite some reports of discounts being offered to attract clients. Lastly, business sentiment remained positive, supported by hopes of swift recovery from the epidemic.
2020-04-03
Uganda Private Sector Remains Strong
The Stanbic Bank Uganda PMI dropped to 56.2 in February 2020 from 58.8 in the prior month. It was the lowest reading since September last year, but still above the survey average of 54. Output, new orders and employment continued to advance. Also, purchasing activity increased for the 24th successive month leading to a further accumulation of inventories. On the price front, input costs went up amid rises in crops prices, electricity, water and products from China. The coronavirus outbreak affected the supply of some goods from China but with little impact on vendor performance. Meantime, output prices continued to increase, with only the construction sector posting a reduction. Lastly, business sentiment remained positive, supported by plans for business expansion and greater marketing, alongside predictions of further new order growth.
2020-03-04
Uganda Private Sector PMI Highest on Record
The Stanbic Bank Uganda PMI rose to 58.8 in January 2019 from 57.7 in the prior month. It was the highest reading since the series began in June 2016. Output, new orders, and employment rose further. Also, purchasing activity also increased for the 23rd successive month leading to a further accumulation of inventories. On the price front, input costs went up amid rises in purchases prices, staff cost and utilities rates; and higher prices for rent. Lastly, business sentiment remained positive, amid expected business investment and higher new orders.
2020-02-05

Uganda Composite Pmi
The Stanbic Bank Uganda Purchasing Managers’ Index is based on data compiled from monthly replies to questionnaires sent to purchasing executives in approximately 400 private sector companies, which have been carefully selected to accurately represent the true structure of the Ugandan economy, including agriculture, construction, industry, services and wholesale & retail. The panel is stratified by GDP and company workforce size. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. A reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. The Purchasing Managers’ Index™ (PMI™) is a composite index based on five of the individual sub-components with the following weights: New Orders - 0.3, Output - 0.25, Employment - 0.2, Suppliers’ Delivery Times - 0.15, Stock of Items Purchased - 0.1, with the Suppliers’ Delivery Times sub-component inverted so that it moves in a comparable direction.