Public Management

Uganda: Q1-FY2022/2023 Growth estimated at 7.5%

Wednesday, 22 February 2023 16:49
Uganda: Q1-FY2022/2023 Growth estimated at 7.5%

(Ecofin Agency) - The 2022/2023 fiscal year begins with stronger growth but some pressures, inflation and currency depreciation notably, threaten that growth. 

Uganda's economy grew by 7.5% in the first quarter of the current fiscal year (2022/2023), according to the monthly economic performance report published by the Ministry of Finance last Tuesday.

The growth is up by 4.8 points compared with the rate recorded during the same period in the previous fiscal year. It is due to the growth in the industrial and service sectors. Exports reached more than $371.8 million in December 2022, 10.7% more than the figures recorded in November. Meanwhile, imports increased by 4.9% between November and December 2022, exceeding $666.7 million.

"Business conditions in January 2023 improved as measured by the headline Purchasing Managers’ Index (PMI) which increased by 2.3% to 53.2 in January 2023 from 52.0 in December 2022. This was mainly driven by stronger consumer demand, also pointing towards an improvement in economic activity," the report indicates.

There was a slight decline in the business tendency index, we learn. The report shows that the index declined by almost 0.3 points to 51.64 in January 2023, from 51.91 in December 2022. Annual headline inflation also increased by 0.2 points to 10.4 percent in January 2023, due to transportation costs, higher prices for some construction materials, and some manufactured foods.

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.