Uganda’s Business Confidence Index: Optimism Holds, But Strains Emerge Beneath the Surface Two surveys - Bank of Uganda’s Business Tendency Indicators (BTI) and the Stanbic Bank Purchasing Managers’ Index show an economy that is expanding but unevenly. The BTI revealed fragile present conditions and significant financial strain, while the PMI highlighted ongoing resilience in day-to-day activity.

The private sector entered August on a cautious but hopeful note. Two major business surveys show that while the economy remains on a growth path, financial strain and weak present conditions are dampening sentiment. The Bank of Uganda’s Business Tendency Indicators (BTI) pointed to declining confidence in current conditions. But firms expressed soaring optimism for the coming months. Meanwhile, the Stanbic Bank Purchasing Managers’ Index reported steady expansion. It highlights resilience in output, hiring, and new orders despite inflationary pressures. Confidence slips in the present, but expectations rise Bank of Uganda’s BTI shows that overall business confidence stood at 57.2…