Qatar Financial Centre PMI July 2024 Report

This report presents the Purchasing Managers' Index (PMI) data for the Qatar Financial Centre for July 2024, indicating continued expansion in the non-energy private sector. The PMI registered at 51.3, reflecting a slight decline from June's 23-month high of 55.9, yet still signaling overall improvement in business conditions. The report details growth in output and new orders, with firms expressing increased confidence regarding the 12-month outlook. Notably, the report highlights a reduction in outstanding business, attributed to improved productivity, and a slight decrease in employment levels, particularly in the construction sector. Cost pressures remained muted, with stable prices for goods and services. The report also outlines trends in purchasing activity, supplier delivery times, and input costs, indicating a robust demand environment despite some easing in growth rates. The findings are based on survey responses from around 450 private sector companies across various sectors, reflecting the structure of Qatar's non-energy economy.