• Latest
Private sector output rises for nineteenth month running

Private sector output rises for nineteenth month running

March 5, 2024
Brutality at KIU: Students Assaulted by Officials at Examination Hall

KIU Nigerian Student Reportedly Raped in Ishaka

September 16, 2025
Mao, Siranda’s Secret Plan to Hike Nomination Fee Exposed

DP still a force in Uganda’s politics, Mao

September 16, 2025
VINAStech Advert
Defections “Normal”, says Centenary

Defections “Normal”, says Centenary

September 15, 2025
FDC Condemns Military Arrests of Civilians, Demands Respect for Rights

FDC Condemns Military Arrests of Civilians, Demands Respect for Rights

September 15, 2025
SATIRE: In Kampala the only traffic jam left is between sermons, not vehicles

SATIRE: In Kampala the only traffic jam left is between sermons, not vehicles

September 15, 2025

Fake News Boot Camp Empowers Youth to Fight Climate Misinformation

September 14, 2025

Aloyo Uses Art to Support Mental Health

September 14, 2025
Toxic Work Environments Driving Stress and Resignations, Bakundana Warns

Toxic Work Environments Driving Stress and Resignations, Bakundana Warns

September 14, 2025
UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

September 13, 2025
FDC presents over 2 million Signatures to back Nandala for Presidency

FDC presents over 2 million Signatures to back Nandala for Presidency

September 13, 2025
Why We Need a Platform like SheVoice

Why We Need a Platform like SheVoice

September 13, 2025
Balaam Warns Youth Against Violence and Abusive Language in Politics

Balaam Warns Youth Against Violence and Abusive Language in Politics

September 12, 2025
  • About Us
  • Internship
  • Contact Us
Wednesday, September 17, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Mao, Siranda’s Secret Plan to Hike Nomination Fee Exposed

    DP still a force in Uganda’s politics, Mao

    Defections “Normal”, says Centenary

    Defections “Normal”, says Centenary

    Fake News Boot Camp Empowers Youth to Fight Climate Misinformation

    UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

    UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

    FDC presents over 2 million Signatures to back Nandala for Presidency

    FDC presents over 2 million Signatures to back Nandala for Presidency

    Balaam Warns Youth Against Violence and Abusive Language in Politics

    Balaam Warns Youth Against Violence and Abusive Language in Politics

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Mao, Siranda’s Secret Plan to Hike Nomination Fee Exposed

    DP still a force in Uganda’s politics, Mao

    Defections “Normal”, says Centenary

    Defections “Normal”, says Centenary

    Fake News Boot Camp Empowers Youth to Fight Climate Misinformation

    UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

    UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

    FDC presents over 2 million Signatures to back Nandala for Presidency

    FDC presents over 2 million Signatures to back Nandala for Presidency

    Balaam Warns Youth Against Violence and Abusive Language in Politics

    Balaam Warns Youth Against Violence and Abusive Language in Politics

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home

Private sector output rises for nineteenth month running

Annet Nakanwagi by Annet Nakanwagi
March 5, 2024
in RELIGION
0
Private sector output rises for nineteenth month running

L-R Aaron Akampa, Stanbic Bank Head of Enterprise Banking, Doreen Kironde, Head of Trade and Africa China Banking, Phillip Ssali the Head of Corporate Sales Global Markets, Annette Kiconco Head of Public Sector

0
SHARES
0
VIEWS
Share on FacebookShare on X

By Our Reporter,

BUSINESS REPORT

READ ALSO

5,430 Recive Medical Services at AMDA Camp Rekindling Hope and Healing in Historic Pilgrimage

Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy

Key findings

  • Sustained increases in output and new orders
    Purchase prices rise but staff costs fall
  • Employment up for eleventh successive month 

A slight easing of activity in some sectors of the economy during February dropped the headline Stanbic Purchasing Managers’ Index (PMI) to 51.7 from 54.0 in January.

However, overall business conditions in the Ugandan private sector continued to improve in February amid further increases in output and new orders resulting in firms increasing their employment and purchasing activity.

The Stanbic PMI is a monthly survey carried out by S&P Global involving about 400 respondents, covering agriculture, mining, manufacturing, construction, wholesale, retail and services.

The PMI is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show deterioration.

On the latest findings, Christopher Legilisho, Economist at Stanbic Bank said, “Despite a slight softening of private sector activity in February, Uganda has sustained a streak of strong activity, with both output and new orders increasing over the last 19 months due to higher customer demand. There was growth in construction, industry, services as well as wholesale and retail.”

The report shows that an influx of new clients also supported a further expansion of business activity, although there were reports from some panelists that demand had shown signs of softening over the month. Output rose across four of the five monitored sectors, with only agriculture posting a fall.

Legilisho said, “Activity in agriculture declined in February. Still, backlogs eased, particularly in agriculture, with firms increasing staffing levels for 11 months running, albeit only slightly in February, as well as hiring permanent staff to handle overflow. Nevertheless, staffing costs in February declined for a second month running as firms increased output prices whilst limiting costs – this was despite higher input prices, especially for fuel, materials and utilities. Firms remain optimistic about the outlook for customer demand and output over the next 12 months.”

According to the report, as well as contributing to current growth of activity and new orders, higher customer numbers are also predicted to support increases in output over the year ahead. As such, companies remained optimistic in the 12-month outlook for activity, with positivity seen at around 83% of respondents.

Despite sustained increases in purchasing activity in February, stocks of inputs decreased for the first time in three months. While wholesale and retail companies raised their inventory holdings, this was outweighed by falls in stocks of purchases in the agriculture and industry categories.

Employment rose again in February as firms made efforts to deplete backlogs of work. These were generally successful as outstanding business decreased for the second successive month.

Employment has now increased in each survey period since April last year, but trends varied by sector in February. Job creation in the industry, services and wholesale and retail categories contrasted with falling staffing levels in agriculture and construction.

Companies also increased their purchasing activity again in February, while suppliers’ delivery times shortened. That said, stocks of purchases decreased for the first time in three months.

Anecdotal evidence suggested that input buying was raised in line with higher sales, but some firms scaled back purchasing amid signs of client demand softening.

Higher prices for fuel, materials and utilities resulted in an increase in overall input costs midway through the first quarter. With overall input costs rising, companies increased their own selling prices accordingly. Charge inflation has now been recorded in each of the past 11 months. Four of the five monitored sectors saw output prices increase in February, the exception being construction.

Companies were able to deplete their backlogs of work for the second month running midway through the first quarter of the year. Construction was the only sector to see outstanding business increase during the latest survey period.

Tags: Annette KiconcoChristopher LegilishoDoreen KirondeStanbic Bank

Related Posts

5,430 Recive Medical Services at AMDA Camp Rekindling Hope and Healing in Historic Pilgrimage
RELIGION

5,430 Recive Medical Services at AMDA Camp Rekindling Hope and Healing in Historic Pilgrimage

August 31, 2025
Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy
RELIGION

Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy

August 6, 2025
Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone
News

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone

July 16, 2025
Police Urge Vigilance Amid Ongoing Terror Threats
Religion

Police Urge Vigilance Amid Ongoing Terror Threats

June 6, 2025
Journalists blocked from Martyrs Day Venue
Religion

Journalists blocked from Martyrs Day Venue

June 3, 2025
News

Malawian, Tanzanian Students Jet In for Uganda Martyrs Essay Awards

June 2, 2025
Next Post
Anne Juuko appointed Head Global Markets Standard Bank Group Regional Head-East Africa

Anne Juuko appointed Head Global Markets Standard Bank Group Regional Head-East Africa

POPULAR NEWS

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

September 3, 2025
Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

August 20, 2025

EDITOR'S PICK

Chief Justice Swears In Five Judicial Officers 

Chief Justice Swears In Five Judicial Officers 

January 16, 2024

Stop Shaming Women For Working, urges CEO CJay Home Solutions

March 21, 2023

Death hand strikes Mbarara Archdiocese amidst New Archbishop’s appointment joys

April 26, 2020

Youth remanded to Kitalya for falsely obtaining mobile gadgets from shop attendant

November 4, 2021
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • OBITUARY
  • Obituary
  • Opinions
  • Religion
  • RELIGION
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • KIU Nigerian Student Reportedly Raped in Ishaka
  • DP still a force in Uganda’s politics, Mao
  • Defections “Normal”, says Centenary
  • FDC Condemns Military Arrests of Civilians, Demands Respect for Rights
September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page