DOHA: The Qatar Financial Centre (QFC) yesterday announced that it has launched a new PMI (Purchasing Managers’ Index) non-oil private sector survey for Qatar, compiled by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.
The PMI series produced by IHS Markit is one of the most closely watched signals of business activity and is valued worldwide by central banks, financial markets and business decision makers for providing timely and often unique monthly indicators of economic trends. The indexes are based on monthly surveys of more than 28,000 senior business executives to quantify variables such as output, new orders, employment and prices. Qatar marks the 43rd country covered by the global PMI series from IHS Markit.
Dr Haitham Al Salama (pictured), Chief Economic Advisor, Qatar Financial Centre said: “We are delighted to announce the launch of Qatar’s first ever PMI survey. The PMI survey is an integral tool that will provide a monthly snapshot of the health of Qatar’s economy, enabling us to closely watch the trend of economic activity. We look forward to seeing the results of each survey, which will help economists and businesses around the globe track and analyse business conditions.”
Richard Willis, Executive Director, at IHS Markit added:“Our commitment to delivering accurate and timely economic indicators in new territories around the world is highlighted in today’s launch of Qatar’s first ever PMI survey – a series that will quickly become the barometer against which the performance of the nation’s private sector is monitored. We are thrilledto be partnering with the Qatar Financial Centre to bring this critical new data set to market and adding to our survey coverage in the Middle East.”
The QFC Qatar PMI will be released at 9am Doha local time on the third working day of each month. This first Qatar PMI Report which will consist of April data will be published on Thursday 03 May 2018.
IHS Markit is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
Purchasing Managers’ Index (PMI) surveys are now available for over 40 countries and also for key regions including the eurozone.
