Qatar Financial Centre PMI declined to 50.7 in September 2022 from 53.7 in August, pointing to the softest growth in the non-energy sector since a contraction in June 2020. New orders fell for the first time in 27 months, amid back-to-back contractions in employment. Meantime, output growth accelerated while purchasing inputs continued to rise with inventory holdings falling fractionally. On the price front, input price inflation rose marginally, and at a pace that was below the long average. Despite this, firms hiked their selling prices at the second-quickest rate in the survey’s history with comments indicating a greater emphasis on their profit margins. Vendor performance improved with lead times shortening in each of the last five months. Finally, sentiment improved to a year-high, as FIFA World Cup approaches.

PMI By IHS Markit