FX.co ★ Qatar Non-Oil Private Sector Growth Slows in September

In September 2025, Qatar's S&P Global Purchasing Managers' Index (PMI) dropped to 51.5 from 51.9 in August, reflecting a deceleration in the growth of the non-energy private sector. This figure falls below the long-term average of 52.2 since 2017. The slowdown in growth is attributed to a reduction in new orders and faster suppliers' delivery times. Output expanded for the fourth instance in the past six months, but the growth remained modest as construction activity recorded a renewed downturn. Employment continued its upward trend for the tenth straight month, while the accumulation of work backlogs increased at the slowest pace in the current sequence. On the pricing front, input cost inflation picked up, and output price inflation rose to a four-month peak, marking the first increase in charges for goods and services since July 2024. Lastly, business sentiment experienced a slight weakening but stayed just under the survey's long-term trend.