Qatar Non-Oil Private Sector Growth Slows in September

Qatar’s S&P Global Purchasing Managers’ Index (PMI) declined to 51.5 in September 2025, down from August's 51.9, indicating a softer pace of non-energy private sector growth. The index was below the long-run average since 2017 (52.2). The moderation in growth was driven by a decrease in new orders and shorter suppliers' delivery times. Output grew for the fourth time in the past six months. However, the rate of growth was modest, as sub-sector data showed a renewed decline in construction activity. Employment increased for the tenth consecutive month, while backlogs of work rose at the slowest rate in the current sequence. Regarding prices, input cost inflation accelerated, while output price inflation rose to a four-month high, with charges for goods and services increasing for the first time since July 2024. Lastly, business sentiment weakened but remained only slightly below the survey's long-run trend.