Non-energy private sector continues to expand in July

Doha: Qatar s non energy private sector continued to expand at the start of the second half of 2024, according to the latest Purchasing Managers Inde...

Doha: Qatar’s non-energy private sector continued to expand at the start of the second half of 2024, according to the latest Purchasing Managers’ Index (PMI®) survey data from Qatar Financial Centre (QFC) compiled by S&P Global.

Output and new orders both grew at solid rates that were broadly in line with their respective long-run survey trends, while companies were increasingly confident regarding the 12-month outlook.

Firms also made inroads into outstanding business, with backlogs falling the most since January 2023.

Overall cost pressures were muted as higher purchase prices were partly offset by lower staff costs. 

The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies.