Non-oil private sector gains momentum; World Cup lifts sentiments to 12-month high: QFC PMI ...Qatar

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Non-oil private sector gains momentum; World Cup lifts sentiments to 12-month high: QFC PMI
source : Gulf Times ( Qatar ) () 15
Non-oil private sector in Qatar gained momentum with output rising markedly in September, according to latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC). Although new orders fell for the first time in 27 months and back-to-back contractions were seen in employment and inventories, it said the fast-approaching FIFA World Cup supported optimism with sentiment improving to a 12-month high. "Qatar's non-oil economy continued to grow in September, rounding off another solid quarterly performance. There were, however, divergences in latest data with a sharp and substantial increase in output contrasting with a renewed fall in demand. Anecdotal evidence suggeste

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