Qatar Financial Centre PMI

Qatar Financial Centre PMI

- Fastest rise in new work since July 2022

- Overall business conditions improve at stronger rate

- Companies continue to step up hiring activity

Data were collected 12-21 April 2023

Doha, Qatar:– The latest Purchasing Managers’ Index™ (PMI™) survey data from Qatar Financial Centre (QFC) for April indicated a stronger improvement in business conditions as demand for goods and services accelerated. Indices for total activity and the 12-month outlook also remained firmly positive, while employment rose further.

The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies. The panel covers the manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data.

The headline Qatar Financial Centre PMI is a composite single-figure indicator of non-energy private sector performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases.

The PMI rose for the fifth time in six months to 54.4 in April, from 53.8 in March, indicating the strongest improvement in business conditions since July 2022. The latest figure moved further above the long-run trend of 52.2.

The main boost to the headline PMI was from faster growth in new business, while