Qatar Financial Centre PMI August Report

This report presents the findings of the Qatar Financial Centre PMI survey for August 2023, indicating a strong expansion in the non-energy private sector. The PMI recorded a value of 53.9, reflecting continued growth in output, new orders, and employment. The data shows that business activity has risen for the seventh consecutive month, with notable increases in manufacturing and financial services. Companies reported a positive outlook for the next 12 months, with optimism particularly strong among manufacturers. Employment growth was sustained for the sixth month, driven mainly by service providers, while the level of outstanding business decreased. The report also highlights trends in purchasing and inventory management, with firms managing stock levels efficiently despite rising input costs. Prices charged for goods and services fell for the fourth month in a row, indicating a shift in pricing strategies. Overall, the findings suggest a robust economic environment in Qatar's non-energy sector.