Qatar's PMI falls 3.07% in August - Report

Mubahser: Qatar's Purchasing Managers’ Index (PMI) witnessed a 3.07% month-on-month drop in August. 

The index, which focuses on the GCC country's non-oil private sector, recorded 50.4 in August, compared to 52 in July, according to a survey data. 

Launched by Qatar Financial Center (QFC), the PMI was designed to give a single-figure snapshot of operating conditions in the non-oil and gas private sector. 

A reading above 50 indicates expansion, while a reading below that signals contraction. August reading shows a drop in the gas-rich country's economy. 

The PMI reading showed a continuous development in Qatari firms, as they increased the number of employees, hitting the highest level since starting the survey in April 2017. 

Mubasher Contribution Time: 05-Sep-2018 14:33 (GMT)
Mubasher Last Update Time: 05-Sep-2018 14:41 (GMT)