PMI rises sharply in September, pointing to fresh momentum in non-energy private sector

8 Oct 2019

PMI by IHS Markit

Doha, Qatar

The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, highlighted the vast investment opportunities in Qatar to Bangladeshi investors at the 'Made in Bangladesh 2020' trade and investment exhibition.

 

The 3-day event organised by Bangladesh Forum Qatar and the Embassy of Bangladesh in Qatar under the patronage of Export Promotion Bureau of Bangladesh, Ministry of Commerce of Bangladesh and Qatar Chamber, aimed to boost economic diplomacy between Bangladesh and Qatar by tapping into sustainable trade and investment potentials between the two countries to create new economic alliances. The event, which included B2B meetings, seminars and networking sessions between Bangladeshi investors and their Qatari counterparts, saw Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC deliver an opening keynote speech and Sheikha Alanoud bint Hamad Al-Thani, Managing Director of Business Development, QFC give a presentation on the numerous investment opportunities in Qatar for Bangladeshi ICT companies.

 

Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority said:

The PMI signalled returning growth momentum in Qatar's non-energy economy in September. Moreover, the headline figure posted a steeper gain than in August. The overall rise during the past two months of 3.8 points is the largest observed since September-October 2017. The three main components of the PMI – new orders, output and employment – also posted steeper gains in September.

Firms highlighted new projects and work related to the 2022 World Cup as driving new business, and this also underpinned stronger expectations for output over the next 12 months. The Future Activity Index surged to the highest in 2019 so far and the second-highest on record.

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