Qatar’s non-oil companies optimistic despite higher costs

Qatar’s non-oil companies optimistic despite higher costs

Higher output and strong demand for goods and services helped Qatar’s non-oil private sector to record a faster improvement in business conditions in February than in the previous month, a survey shows. The latest Purchasing Managers’ Index (PMI) survey by Qatar Financial Centre and S&P Global registered 51 in February, up from 50.4 in January.   […]

Activity growth fastest in three months

Overall cost pressures muted

Output and employment both up

Higher output and strong demand for goods and services helped Qatar’s non-oil private sector to record a faster improvement in business conditions in February than in the previous month, a survey shows.

The latest Purchasing Managers’ Index (PMI) survey by Qatar Financial Centre and S&P Global registered 51 in February, up from 50.4 in January.  

Overall sentiment for the coming 12 months was the most optimistic since last September. The optimism was attributed to business development plans, new clients and marketing campaigns.

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Companies have sought efficiency gains by “destocking”, reducing their inventories for the third month running, after many GCC businesses initially stockpiled goods to counteract Red Sea disruptions, the survey found. 

The headline PMI showed total business activity increased in February at the fastest rate