• Latest
Stanbic PMI: Private Sector Rebounds in February as Business Conditions Improve

Stanbic PMI: Private Sector Rebounds in February as Business Conditions Improve

4 months ago
Turkish Delegation to Explore Uganda’s Tourism Gems 

Turkish Delegation to Explore Uganda’s Tourism Gems 

11 hours ago
Paddy Ankunda, Karugaba Promoted to Brig General as Okello is Elevated to Lt General

Paddy Ankunda, Karugaba Promoted to Brig General as Okello is Elevated to Lt General

22 hours ago
Meron Kyomugisha Clinches Victory at 4th Lira Ladies Golf Open

Meron Kyomugisha Clinches Victory at 4th Lira Ladies Golf Open

23 hours ago
Kenya’s Chebet, Kipyegon Break 5000m and 1500m World Records in Eugene

Kenya’s Chebet, Kipyegon Break 5000m and 1500m World Records in Eugene

24 hours ago
Col Francis Aragamoi Appointed Deputy Commander of UPDF Contingent in Somalia

Col Francis Aragamoi Appointed Deputy Commander of UPDF Contingent in Somalia

24 hours ago
Johnnie Walker Celebrates Women in Leadership at She Walks One-Year Anniversary

Johnnie Walker Celebrates Women in Leadership at She Walks One-Year Anniversary

1 day ago
SoftPower News
Monday, July 7, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Business

Stanbic PMI: Private Sector Rebounds in February as Business Conditions Improve

by Our Reporter
March 6, 2025
Stanbic PMI: Private Sector Rebounds in February as Business Conditions Improve

Stanbic Bank Uganda

39
VIEWS

Ugandan private sector firms saw improved operating conditions in February, reversing a brief decline at the start of the year. This rebound pushed the headline Stanbic Purchasing Managers’ Index (PMI) up to 52.6 from 49.5 in January, signaling a return to expansion.

According to Christopher Legilisho, Economist at Stanbic Bank, “The Uganda PMI for February reflects a recovering private sector, with both output and new orders growing robustly after a dip in January. Demand was strong across all sectors, leading to increased employment after three months of decline. Backlogs of work also fell due to sufficient capacity, while purchasing activity surged as firms factored in the recovery. However, inventories declined for the first time in a year.”

Related Stories

Turkish Delegation to Explore Uganda’s Tourism Gems 

Paddy Ankunda, Karugaba Promoted to Brig General as Okello is Elevated to Lt General

Meron Kyomugisha Clinches Victory at 4th Lira Ladies Golf Open

The February survey attributes renewed growth to expansions in output and new orders, driven by stronger demand. As confidence in the business outlook remained steady, companies increased both input purchases and staffing levels.

However, firms faced higher cost burdens, with both purchase prices and wage bills rising. In response, businesses raised their output prices for the sixth consecutive month to offset the rising costs.

“There were pricing pressures due to increasing utility bills and selected commodity prices,” Legilisho noted. “While staff and output costs continued to rise, the pace was moderate. Optimism about future output remains strong, albeit slightly lower than in January. Overall, the February PMI suggests resilient economic conditions in the private sector.”

Compiled by S&P Global, the monthly Stanbic PMI is based on responses from approximately 400 purchasing managers across key sectors, including agriculture, mining, manufacturing, construction, wholesale, retail, and services. The index is weighted as follows: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%), and Stocks of Purchases (10%). A reading above 50.0 indicates improving business conditions, while a reading below 50.0 signals deterioration.

Survey participants reported that stronger demand and a resurgence in new orders supported output growth. The increase in new business resumed a positive trend seen since April 2024, which was briefly interrupted in January. Many firms cited customer acquisition as a key factor in this recovery, with new order growth observed across all sectors.

Rising sales encouraged Ugandan companies to expand their workforce in February, ending a three-month period of job cuts. However, manufacturing was the only sector that recorded a decline in employment. The increase in staffing helped ease capacity pressures, leading to a further reduction in backlogs of work.

Despite these gains, business expenses rose, driven by higher purchase and staff costs. Increased utility bills and rising material prices were frequently mentioned as key contributors to inflation.

Tags: Christopher LegilishoPrivate SectorSoft PowerSoftPower NewsStanbic Bank PMITop Uganda NewsUganda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Recent Stories

Turkish Delegation to Explore Uganda’s Tourism Gems 

Paddy Ankunda, Karugaba Promoted to Brig General as Okello is Elevated to Lt General

Meron Kyomugisha Clinches Victory at 4th Lira Ladies Golf Open

Kenya’s Chebet, Kipyegon Break 5000m and 1500m World Records in Eugene

Col Francis Aragamoi Appointed Deputy Commander of UPDF Contingent in Somalia

Johnnie Walker Celebrates Women in Leadership at She Walks One-Year Anniversary

Stanbic Bank Ad
SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News