IHS Market said that the purchasing managers' index in Qatar recorded an improvement last October, to the third highest historical level since July 2018.
The Corporation stated in a report, on Wednesday, that the PMI - which measures the performance of the non-oil private sector - rose in Qatar, last October, to 51.5 points, from 51.4 points in the previous September.
According to the report, the improvement came as a result of positive expectations for commercial activity and completed deals.
The indicators of production and new business recorded high growth rates for the fourth month in a row, and the employment index rose to its highest level since last March.
Firms reported increasing business numbers and their hope for more commercial gains in the coming months, given the continued easing of lockdown measures.
The PMIs for Qatar were compiled from the responses to the study from a committee of around 400 private sector companies operating in areas including manufacturing, construction, retail and wholesale.
The data showed that the construction sector was the strongest performance last month, at 54.0 points, followed by the manufacturing sector with 51.9 points, and wholesale and retail sales with 51.7 points.
The report revealed that Qatari private sector companies increased the number of their employees in general in October, after the labor market stabilized during the third quarter of 2020. The employment index recorded its highest level in seven months, and was higher than the level of the long-term trend.
Qatar approved the beginning of the Corona crisis, a package of support for the affected private sector in the amount of 75 billion riyals (20.6 billion dollars), to reduce the economic repercussions of the pandemic.
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