Kampala, Uganda | THE INDEPENDENT | During September, Uganda’s private sector saw an increase in employment and purchasing activity as demand conditions remained favorable, resulting from the continued growth of new orders and enhanced business activity. The monthly headline Stanbic Purchasing Managers Index (PMI) rose to 52.9 in September, up from …
Read More »Uganda’s economy shows mixed trends
Companies remain optimistic about future output growth Kampala, Uganda | JULIUS BUSINGE | The monthly Stanbic Purchasing Managers’ Index (PMI) for Uganda dipped slightly in August, falling from 53.9 in July to 51.6, as businesses grappled with the implications of the World Bank’s suspension of further loans to the country. However, …
Read More »PMI: Rising customer demand support growth of new orders
Kampala, Uganda | IN THE INDEPENDENT | The headline Stanbic Purchasing Managers Index (PMI) reached its highest point this year, posting 57.4 during May, up from 55.4 in April as success in securing new customers had a positive impact on the Ugandan private sector. Meanwhile, this further expansion in new orders …
Read More »Private sector output in continued expansion as PMI crosses 55.0 reading
Kampala, Uganda | THE INDEPENDENT | The start of the second quarter of 2023 saw a rise in employment as Uganda’s private sector recorded increased output and new orders with the headline Stanbic Purchasing Managers Index (PMI) rising to 55.4 in April, up from 53.2 in March. For the sixth successive …
Read More »Stanbic’s latest PMI shows no job growth
Kampala, Uganda | THE INDEPENDENT | The first quarter of the year ended with a largely positive outlook as strengthening customer demand continued to drive improvements in business conditions in the Ugandan private sector, according to the Stanbic Purchase Managers Index for the month of March, released today. The headline PMI …
Read More »Stanbic PMI: New orders sustain private sector expansion despite slight dip
Kampala, Uganda | THE INDEPENDENT | The headline Stanbic Purchasing Managers’ Index (PMI) dipped to 51.2 during February from 53.2 in January as business activity increased in the services and wholesale and retail categories, but decreased in agriculture, construction and industry. However, the Ugandan private sector remained in growth territory at …
Read More »Uganda’s GDP growth slows to 4.9% as import taxes decelerate – Absa 2022 Q2 Macro-economic analysis report
Uganda’s real GDP expanded 4.9% y/y in Q2 22, marginally weaker than the prior quarter’s 5.1%, following a marked moderation in import taxes. The pace of growth is anticipated to slow in H2 2022 as households navigate a higher inflation and lending rates environment. Economic growth will average about 4.3% …
Read More »New survey shows higher growth, job cuts
The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. | THE INDEPENDENT | The headline PMI rose to 50.5 in August, up …
Read More »High fuel prices hike input cost in May — Stanbic PMI
Kampala, Uganda | THE INDEPENDENT | The persistent high cost of fuel contributed to negative private sector activity in May with the Stanbic Headline Purchasing Managers Index (PMI) dropping to 51.5 from to 53.9 recorded in April—readings above 50.0 mean improvement in business conditions on the previous month while readings that …
Read More »Economy stutters in March, outlook remains positive
The headline Stanbic Purchasing Managers’ Index (PMI) posted 51.9 in March, down from 55.7 in February, but still signaling an improvement in business conditions as the health of Uganda’s private sector continues to strengthen during the last eight successive months. Kampala, Uganda | THE INDEPENDENT | Released today, the index …
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