What drove economic growth in February?
Uganda's economy showed renewed strength in February, with key indicators pointing to improving business conditions and steady growth across major sectors. The economy expanded by 8.5 percent in the second quarter of FY2025/2026, driven by strong performance in agriculture, industry, and services.
Uganda's economy grew in February due to strong performance in agriculture, industry, and services. The Purchasing Managers' Index rose to 54.2, indicating expansion and a positive outlook among businesses. The economy expanded by 8.5 percent in the second quarter of FY2025/2026. Inflation eased to 2.9 percent in February. The Ugandan shilling remained relatively stable, depreciating slightly by 0.2 percent against the US dollar. Merchandise exports surged by 72.1 percent year-on-year to $1.453b in January 2026, driven by higher earnings from gold, coffee, and other key commodities.
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