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The Stanbic Bank Uganda PMI increased to 58.6 in November 2019 from 56.3 in the prior month. The latest reading pointed to the fastest expansion in the country's private sector since the series began in June 2016, amid further increase in new orders, output and employment. Purchasing activity also rose for the 21st successive month amid higher new orders, with inventories also expanding. On the price front, input costs went up amid increases in purchases prices, staff cost and utility rates including electricity; and output prices rose accordingly. Lastly, business sentiment remained positive in line with opening of new branches.

The Stanbic Bank Uganda PMI increased to 56.3 in October 2019 from 55.7 in the prior month. The latest reading pointed to the 33nd straight month of expansion in the private sector. Both output and new orders continued to increase and employment grew further. Purchasing activity increased for the twentieth successive month amid higher new orders, with inventories also expanding. On the price front, input costs rose amid increases in purchases prices, staff cost and utility rates; and output prices rose accordingly. Lastly, business sentiment remained positive in line with improving client demand.

The Stanbic Bank Uganda PMI went down to 55.7 in September 2019 from 57.5 in the prior month. The latest reading pointed to the 32nd straight month of expansion in the private sector, but at the lowest pace since April. Both output and new orders continued to increase and employment grew further. Also, purchasing activity continued to rise, extending the current sequence of expansion to 19 months. On the price front, overall input costs rose amid increases in electricity cost and purchased items including cement, food products and stationery; and output prices rose accordingly. Lastly, business sentiment remained positive in line with improving client demand and business expansion plans.

The Stanbic Bank Uganda PMI went down to 57.5 in August 2019 from 58.2 in the prior month. The reading pointed to 31st straight month of expansion in the private sector, as both output and new orders continued to increase and employment grew further. Also, firms increased their purchasing activity. Reflecting this, stocks of purchases also increased, extending the current period of accumulation to five months. In terms of prices, overall input costs rose, mainly due to increases in staff costs, electricity, fuel and water. Accordingly, companies raised their output prices. Lastly, the business sentiment remained positive in line with improving client demand and business expansion plans.

The Stanbic Bank Uganda PMI rose to 58.2 in July 2019, the highest since the series began in June 2016, from 57.8 in the prior month. The reading pointed to 30th straight month of expansion in the private sector, as both output and new orders continued to increase and employment growth accelerated. Also, firms increased their purchasing activity in line with improving client demand, feeding through to an increase in inventories. In terms of prices, overall input costs rose, mainly due to increases in staff costs and electricity bills. Accordingly, companies raised their output prices. Finally, the business sentiment remained positive, on plans to expand business operations and predictions of higher new orders supported by ongoing advertising efforts.

The Stanbic Bank Uganda PMI rose to 57.8 in June 2019, the highest since the series began in June 2016, from 57.3 in the prior month. The reading pointed to 29th straight month of expansion in the private sector and at the fastest pace since the series began in June 2016, as both output and new orders continued to rise and employment growth accelerated. Also, firms increased their purchasing activity at the end of the second quarter, and stocks of purchases also went up. In terms of prices, overall input costs rose, mainly due to increases in electricity and water, alongside further rises in staff costs. Accordingly, companies raised their output prices. Finally, the business sentiment was positive, amid prospects of further improvements in demand and business expansion plans.