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.
