Qatar Financial Centre PMI Report for May 2024

This document is a report detailing the Purchasing Managers’ Index (PMI) for the Qatar Financial Centre for May 2024. It outlines the notable upturn in business conditions within Qatar's non-energy private sector, indicating a rise in the PMI to 53.6, the highest level in eight months. The report describes the increase in output and new orders, which accelerated at the fastest rates since the third quarter of 2023. Employment has also increased for the fifteenth consecutive month, reflecting the growing demand and optimism among companies regarding future business conditions. Inflationary pressures remained muted, with input prices stable and only modest increases in output charges. The report further details sector-specific performance, highlighting that wholesale, retail, and services sectors led the growth. Additionally, it discusses improvements in supplier delivery times and the overall positive sentiment regarding business expectations for the next twelve months, driven by development plans and new product offerings.