• Authored By: Ambrose Ogwang, Denis Maya, Rehema Kahunde, Corti Paul Lakuma and Brian Sserunjogi
13 Mar 2022
  • File Size 955.04 KB
  • Published Mar 13, 2022

COVID-19 containment measures disrupt businesses, but more remain optimistic about future

The easing of movement restrictions enabled inter-district travel and weekly agriculture markets. Disaggregated results suggest improved perceptions in the agriculture and manufacturing sector; but a slight decline in the services sector. Businesses are still faced with persisting challenges, including insufficient demand, poor transport infrastructure, corruption and bribery, macroeconomic factors, and electricity availability.

The future outlook for the next quarter (October-December 2021) is promising. An expected index of 108 is driven by improvement in conditions for doing business in both the manufacturing and services sectors. This expected performance is due to a general improvement in all indices, especially the anticipation of a relatively large increase in demand.

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