QFC records strongest rise in new businesses since August 2018 - The Peninsula Qatar

QFC records strongest rise in new businesses since August 2018 - The Peninsula Qatar:

Qatar Financial Centre’s (QFC) latest Purchasing Managers’ Index (PMI) survey of Qatari non-hydrocarbon private sector businesses highlighted a marked increase in the volume of new business. The rate of expansion was the fastest since August 2018, and sharper than the trend pace indicated since the survey began in April 2017. The latest findings also show output expectations were the second-strongest on record; with the fastest input price inflation in a year.

Sheikha Alanoud bint Hamad Al-Thani, Managing Director of Business Development at QFC Authority, said, “Intakes of new business boosted Qatar’s non-hydrocarbon private sector in March, with this indicator from the PMI survey at a seven-month high. Moreover, the month-on-month rise in the new business index, at 4.5 points, was the second-largest in nearly a year-and-a-half. This improvement in demand influenced companies’ expectations for total workloads, with the Future Activity Index rising to the second-highest level since the survey began in April 2017. Over the first quarter of 2019 Qatar’s PMI has trended higher compared with the final quarter of 2018; a period during which the global economy saw the softest expansion i