Qatar Financial Centre PMI December 2023 Report

This document is a report detailing the Qatar Financial Centre's Purchasing Managers' Index (PMI) for December 2023. The report indicates that Qatar's non-energy private sector experienced broadly stable business conditions, with the PMI registering at 49.8, a slight decline from 51.5 in November. The data reflects stability in output, new business, and outstanding work, while employment growth continued. Financial services emerged as a significant growth driver, maintaining a positive outlook for the upcoming year. The report also notes that price pressures remained subdued, with average input prices rising slightly due to wage increases. The survey, based on responses from around 450 private sector companies, covers various sectors, including manufacturing and services, and aims to provide insights into the economic conditions of the non-energy economy. Overall, the report suggests that while business sentiment remains positive, it has softened compared to previous months, particularly following the World Cup.