Qatar Financial Centre PMI January 2024 Report

This document is a report detailing the Qatar Financial Centre Purchasing Managers' Index (PMI) for January 2024. The PMI indicates improving business conditions in Qatar's non-energy private sector, with a headline index of 50.4, up from 49.8 in December. Key indicators such as output, new orders, and employment all showed growth, reflecting a positive trend in business activity. The report notes a rise in demand attributed to new customers, promotional campaigns, and tourism related to the AFC Asian Cup. Employment growth continued for the eleventh consecutive month, although at a slower pace. Additionally, the report highlights a decline in input prices and an easing of cost pressures across various sectors. The financial services sector showed stable activity levels, with employment growth but a decrease in service charges. Overall, the report presents a cautiously optimistic outlook for the coming months, with firms expressing confidence in future business conditions.