Qatar Financial Centre PMI Report for April 2024

This report presents the findings of the Qatar Financial Centre Purchasing Managers' Index (PMI) for April 2024, indicating a notable improvement in business conditions within the non-energy private sector. The PMI registered a value of 52.0, reflecting a significant increase from 50.6 in March, marking the strongest growth since September of the previous year. Key components such as output, new orders, employment, and purchasing activity all experienced accelerated growth. The report details that the volume of incoming new business rose at the fastest rate in seven months, driven by new customers and competitive products. Additionally, employment levels continued to rise for the fourteenth consecutive month, with hiring growth reported across various sectors. Price pressures were noted to have decreased slightly, with both input and output prices falling marginally. The report concludes with insights on business expectations, indicating a positive outlook for the next 12 months, particularly in the construction sector.