Qatar’s non-energy private sector see improved business conditions; firms complete outstanding work at fastest rate in six months: QFC PMI

Qatar’s non-energy private sector see improved business conditions; firms complete outstanding work at fastest rate in six months: QFC PMI

Yousuf Mohamed al-Jaida, QFC Authority chief executive officer.

Qatar's non-energy private sector saw further improvement in business conditions in March with companies completing the outstanding work at the fastest rate in six months, even as cost pressures remained “stable”, according to the Qatar Financial Centre's purchasing managers index (PMI).Output, new orders, employment and purchasing activity all increased since February, and the 12-month outlook improved, according to the PMI survey data, compiled by S&P Global.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 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 registered 50.6 in March, down slightly from 51.0 in February. The latest figure remained above the no-change mark of 50.0 and thereby signalled a sustained improvement in business conditions in the non-energy private sector economy.The three largest components of the PMI – output, new orders and employment – all registered above 50.0 in