Uganda Private Sector Growth at 3-Month High

The Stanbic Bank Uganda PMI edged higher to 52.9 in March 2025 from 52.6 in February, signaling a sustained improvement in business conditions for the second consecutive month.

It also marked the strongest expansion in the private sector since December 2024, mainly driven by an increase in output for the second consecutive month amid sustained demand conditions.

Similarly, new orders experienced a widespread growth, with all five monitored sectors reporting stronger business activity in March.

Subsequently, staffing levels increased due to the hiring of temporary workers in response to higher new order inflows and the anticipated acceleration in output in the coming months.

On the pricing front, inflationary pressures persisted, with firms citing higher costs for utilities, shipping, and raw materials, which led to further increases in selling prices.

Finally, business confidence remained strong, with firms optimistic about future demand and sales growth.