Economic Update – January 2025
In January 2025, Qatar’s Procurement Manager Index experienced a decline, falling to 50.2 points from the previous month’s 52.9 points. This drop was primarily driven by decreases in new applications and the production index, despite a modest uptick in commercial activity.
A recent report from Standard & Poor’s Global focused on non-oil private sector companies in Qatar, revealing that the employment growth rate remains one of the highest recorded historically. Concurrently, wage growth reached a new peak, although new requests have diminished, largely due to reduced demand in the construction sector.
The report indicates that labor market activity continues robustly at the start of 2025, contrasting with a slight decline in commercial activity. Expectations suggest a rebound in commercial activity over the next year, anticipating levels not seen in four months.
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