Uganda's private sector shows resilience with continued growth in March PMI

March PMI data points to sustained recovery in Uganda’s private sector

Christopher Legilisho, Economist at Stanbic Bank Uganda. Kampala, Uganda – Uganda’s private sector has continued to show signs of recovery, with the latest Purchasing Managers’ Index (PMI) data indicating a sustained improvement in business conditions. The Stanbic Bank Uganda PMI rose to 52.9 in March, up from 52.6 in February, marking the second consecutive month of growth. The index, which is compiled by S&P Global, measures the performance of…

Uganda’s Private Sector Performance Continues To Improve -Report » Business Focus

Christopher Legilisho, Economist at Stanbic Bank  Strong demand conditions drove growth in input buying, as firms stocked up amid anticipation of more upturns in activity later in the year, slightly lifting the monthly Stanbic Purchasing Managers’ Index (PMI). The headline Stanbic PMI rose to 52.9 during March, up from 52.6 in February. The latest data indicated back-to-back improvements in the health of the Ugandan private sector for the second…

Private Sector Performance Continues to Improve in March

Strong demand conditions drove growth in input buying, as firms stocked up amid anticipation of more upturns in activity later in the year, slightly lifting the monthly Stanbic Purchasing Managers’ Index (PMI).

Uganda's private sector shows resilience with continued growth in March PMI

Uganda’s private sector showed continued growth in March 2025, as reflected by the latest Stanbic Purchasing Managers' Index (PMI), which rose to 52.9, up from 52.6 in February.  This marks a second consecutive month of improvement, signalling ongoing recovery and optimism for the remainder of the year.  The increase was driven by strong demand conditions, which encouraged firms to increase their buying of inputs, stock up on inventory, and prep…