FX.co ★ Qatar Non-Oil Private Sector Growth at 3-Month High

Qatar's S&P Global Purchasing Managers’ Index (PMI) climbed to 52.0 in June 2025, up from May's 50.8, marking the most rapid growth in the non-energy private sector since March. This figure equals the highest recorded level in 2025 but is still slightly under the long-term survey mean of 52.2. Both output and employment saw positive trends, with job creation pacing at the joint-third highest in the record books. Employment gains were evident across all sectors, with manufacturing leading the charge. This rise in staffing was fueled by an increase in outstanding business, the sharpest uptick since the previous October. Wage growth also captured attention, posting the second-highest increase on record, just behind that of January. On the pricing side, selling prices continued their downward trajectory for the eleventh straight month, with the rate of deflation the quickest recorded since last November. Looking forward, business sentiment has eased and remains below the long-term survey average seen since 2017.