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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
UgandaUganda Stanbic Bank Uganda PMI climbed to 52.9 in March 2025
FMPMonthlyReleased April 2025
Uganda Stanbic Bank Uganda PMI climbed to 52.9 in March 2025, released April 2025, up 0.3 from February's 52.6 reading. The reading matched the 52 consensus. Stanbic Bank Uganda PMI has now risen for 3 consecutive months. The reading is in the 50th percentile of the trailing 24-month range.
Latest Release
52.9
Actual
52
Consensus
52.6
Previous
Median Absolute Error
±2.05
across last 12 releases
Last Call
Apr 2025
Predicted: 51.03
Actual: 52.9
Error: -1.88
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Stanbic Bank Uganda PMI (Uganda) was reported at 52.90 in April 2025. This beat the market consensus of 52.00 by 0.90. The reading rose from the previous value of 52.60.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 51.67, down from the prior three at 54.47.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 2.05.
Auto-generated from current model state · Refreshes on each release · Last update April 2025.
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Stanbic Bank Uganda PMI - UG
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About Stanbic Bank Uganda PMI — Uganda
DEFINITION
The Stanbic Bank Uganda PMI (Purchasing Managers' Index) is a leading economic indicator that provides insight into the health of the Ugandan economy. It measures the performance of the manufacturing sector by surveying purchasing managers from a variety of industries. This data is used to gauge changes in business conditions, including production, new orders, employment, and supplier deliveries. The Stanbic Bank Uganda PMI is a valuable tool for businesses, investors, and policymakers in making informed decisions and forecasting economic trends in Uganda.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2025): actual 52.9, consensus 52. Prior reading (Feb 2025): 52.6. Before that (Jan 2025): 49.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection.