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June Marked a Slowdown in Qatar's Private Sector Growth.

London, Tuesday, 4 July, 2023

The Qatar Financial Centre PMI decreased from 55.6 to 53.8 in June 2023, indicating the weakest increase in the non-energy sector since March, but the most recent data still shows a significant improvement in business conditions.

Strong growth in new business was correlated with expanding tourism demand, competitive pricing, new marketing strategies, and their positive client reputation.

With the exception of a temporary adjustment in January following the conclusion of the FIFA World Cup Qatar 2022, output has increased every month for more than three years.

Despite a further rise in input demand, employment levels increased and suppliers' delivery times continued to be shortened.

The non-energy private sector is nonetheless hopeful about the future, largely because of new initiatives, business expansion strategies, and marketing initiatives.

(Research and edit by: The Decision Maker - Finance editors)


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