Qatar to see higher investments as business conditions improve for non-energy private sector: QFC PMI – Gulf Times

Qatar to see higher investments as business conditions improve for non-energy private sector: QFC PMI – Gulf Times

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

Qatar's non-energy private sector continued to see improved business conditions towards the end of 2023, with growth of new business and output accelerating in November, spurring further investments, according to the Qatar Financial Centre (QFC).New business increased for the 10th successive month in November, with strong sales for the goods producers and construction firms in particular, according to the QFC's purchasing managers’ index (PMI) survey data.Output has risen every month since July 2020, except for a brief correction in January following the conclusion of the FIFA World Cup Qatar 2022.The PMI registered 51.5 in November, up from 50.8 in October, signalling a tenth successive month-on-month improvement in business conditions, and the first acceleration in growth since July."The rise in the headline PMI is welcome news towards the end of 2023, reflecting faster rates of expansion in both new business and output," said Yousuf Mohamed al-Jaida, chief executive officer of QFC Authority.November's rise in outstanding business, the first in over a year, suggests that companies are increasingly busy, he said, adding "this will spur further investment as customer numbers rise and companies bring improved products and services to the market."The pick-up