Qatar Financial Centre PMI Report for July 2023

This report presents the Purchasing Managers' Index (PMI) data for the Qatar Financial Centre for July 2023, indicating a positive trend in the non-energy private sector. The PMI recorded a value of 54.0, reflecting an improvement from June's 53.8, suggesting strong business conditions. Key indicators such as output, new orders, and employment all showed expansion, with the non-energy sector continuing to grow for over three years. The report details that new business increased significantly, particularly in financial services, and employment rose at the fastest rate since July 2022. Inflationary pressures eased, with input prices declining and output prices falling for the third consecutive month. The report also highlights improvements in supply chain performance, with faster delivery times and better management of stock levels. Overall, the outlook for the non-energy private sector remains optimistic, driven by new sales strategies and increased hiring across various sectors.