Qatar Financial Centre PMI Report for March 2024

This report presents the Purchasing Managers’ Index (PMI) data for the Qatar Financial Centre for March 2024, indicating a continued improvement in business conditions within the non-energy private sector. The PMI registered at 50.6, slightly down from 51.0 in February, yet still above the neutral mark of 50.0, suggesting sustained economic growth. Key components such as output, new orders, and employment all remained above 50.0, reflecting ongoing expansion. The report details that companies increased their workforce and purchasing activity, with a notable rise in output prices as firms aimed to enhance profitability. The data is derived from survey responses from approximately 450 private sector companies across various sectors, including manufacturing and services. The report also discusses the stability of input costs and the positive outlook for the next 12 months, driven by new clients and development strategies. Overall, the findings indicate a robust and optimistic economic environment in Qatar's non-energy sector.