• Latest

STANBIC PMI: Companies report good September business conditions

October 8, 2024

West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development

October 22, 2025
Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

October 22, 2025
VINAStech Advert
63 Passengers Perish in Road Crash on Gulu Highway

46 Confirmed Dead as Police Revises Gulu Highway Death Toll

October 22, 2025
PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

October 22, 2025

Why Uganda’s mineral wealth has not translated into prosperity

October 22, 2025
63 Passengers Perish in Road Crash on Gulu Highway

63 Passengers Perish in Road Crash on Gulu Highway

October 22, 2025

All the reasons Mitooma voters are calling for Kyarampe to win the Woman MP seat

October 22, 2025

Namirembe Blessious: A New Voice Rising for Western Uganda’s Youth

October 21, 2025
Presidential Advisor rallies local artistes, radio presenters to canvas votes for Museveni

Presidential Advisor rallies local artistes, radio presenters to canvas votes for Museveni

October 20, 2025

Suzan’s Story: A Painful Reminder That HIV Is Still With Us

October 19, 2025
Japan’s Ex-Premiere Dies at 101

Japan’s Ex-Premiere Dies at 101

October 17, 2025
Bridging the Protection Gap in Uganda’s Green and Agricultural Economy

A summit of contradictions: Talking green while financing fossil fuels

October 17, 2025
  • About Us
  • Internship
  • Contact Us
Wednesday, October 22, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    63 Passengers Perish in Road Crash on Gulu Highway

    46 Confirmed Dead as Police Revises Gulu Highway Death Toll

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    63 Passengers Perish in Road Crash on Gulu Highway

    63 Passengers Perish in Road Crash on Gulu Highway

    Suzan’s Story: A Painful Reminder That HIV Is Still With Us

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    63 Passengers Perish in Road Crash on Gulu Highway

    46 Confirmed Dead as Police Revises Gulu Highway Death Toll

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    63 Passengers Perish in Road Crash on Gulu Highway

    63 Passengers Perish in Road Crash on Gulu Highway

    Suzan’s Story: A Painful Reminder That HIV Is Still With Us

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    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 Human Genomics BUSINESS REPORTS

STANBIC PMI: Companies report good September business conditions

Gilbert Akampa Kakurugu by Gilbert Akampa Kakurugu
October 8, 2024
in RELIGION
0

Christopher Legilisho, Economist at Stanbic Bank

0
SHARES
1
VIEWS
Share on FacebookShare on X

By Our Reporter,

KAMPALA

Increased advertising by companies during September played a role in sustaining strong business output and attracting new clients as the headline Stanbic Bank Purchasing Index (Stanbic PMI) dropped slightly to 54.2 compared to the 56.3 posted in August. The threshold for a positive business outlook is 50.0.

KIU Ad flyer

Christopher Legilisho, Economist at Stanbic Bank said, “Strong business output and new order growth were linked to robust client demand, reinforced by effective advertising. Firms foresee healthy client demand conditions over the coming year, with plans alongside to increase investment in advertising and new products. Employment remained healthy in September, with firms stepping up purchases and inventory stocks on the expectation of sustained strong demand.”

The Stanbic PMI is compiled by S&P Global from responses to questionnaires sent to about 400 purchasing managers. The sectors covered by the survey include 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%).

According to the latest survey, the Ugandan private sector remained in growth territory during September. The continued improvement in business conditions was driven by expansions in output, new orders and employment. Demand strength also supported positive output expectations for the year ahead, as firms foresee increased business activity.

Career Ink Ug Ad

Parallel to shorter lead times on inputs, companies continued to raise their purchasing activity amid greater new orders. In turn, firms sought to build inventories further to support future output.

Ugandan businesses are now stepping up their input buying again in a bid to boost inventories further. The rise in purchasing activity came amid another improvement in vendor performance

Meanwhile, despite broadly unchanged staff costs, higher purchase prices pushed total operating expenses up. In line with higher overall input prices, companies signaled a renewed rise in output charges.

Legilisho said, “Both input and purchase prices increased relative to August, reflecting higher prices for raw materials as well as higher utility bills. Wage prices broadly stagnated in September as businesses increased output prices, thereby passing the higher costs on to consumers. Positively, this did not translate into high inflation during the month as the rate of inflation declined to 3% year-on-year (y/y) in September from 3.5% in August.”

Stanbic Bank

Although growth in output was broad- based by sector, construction firms noted a renewed decline in new orders during September.

Overall input costs continued to increase in September, as has been the case in each month since August 2021. Panelists commonly stated that higher utility bills (including water and electricity) and supplier prices were driving factors behind inflation.

Whilst staff costs broadly stagnated on the month, purchase prices rose further and pushed up total input costs.

https://parrotsug.com/wp-content/uploads/2022/12/VID-20221201-WA0042.mp4

Amid accommodative demand conditions, firms sought to pass- through higher costs to customers. Selling prices increased in September, following a brief decline in August.

In line with greater new orders, Ugandan companies expanded their workforce numbers in September. The current sequence of job creation was extended to a year-and-a-half.

READ ALSO

Because even in the house of God, not everyone who says “Hallelujah” means well

COU Head Criticizes Canterbury Appointment

Sufficient capacity enabled firms to resume the depletion of backlogs of work, following a rise in August. Supporting the rise in employment was further business confidence in the year-ahead outlook for output. Optimism reportedly stemmed from planned investment in new products and more planned advertising.

Tags: Christopher LegilishoStanbic Bank PMI

Related Posts

Because even in the house of God, not everyone who says “Hallelujah” means well
RELIGION

Because even in the house of God, not everyone who says “Hallelujah” means well

October 17, 2025
COU Head Criticizes Canterbury Appointment
RELIGION

COU Head Criticizes Canterbury Appointment

October 4, 2025
COU Head Criticizes Canterbury Appointment
News

Sarah Mullally named first female Archbishop of Canterbury

October 3, 2025
Mbarara Archdiocese Announces Major Priest Transfers
Religion

Mbarara Archdiocese Announces Major Priest Transfers

September 25, 2025
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
Next Post
DP distances self from Lumu’s Amendment Bill

Uganda's Struggle for True Independence Continues, says DP

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

Grow more food crops in this rainy season, MP Kamateeka advises

April 29, 2020
East African Crude Oil Pipeline Debate Blocked

East African Crude Oil Pipeline Debate Blocked

January 24, 2023

NRM risks losing Shs 6.7b party Hqtrs

August 14, 2021
Simbwa is a national threat, says DP

NEED Asks for electoral reforms to avoid blood shedding in 2026 general elections

January 30, 2024
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

  • West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development
  • Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines
  • 46 Confirmed Dead as Police Revises Gulu Highway Death Toll
  • PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents
October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
  • 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