Archive

Qatar CPI Inflation 0.65% m-o-m in Sep-23

- Qatar's CPI inflation surged by 0.65% month-on-month in September 2023, marking the highest growth since December 2022 and indicating a potential recovery in economic activity.
- The September 2023 CPI inflation surpassed the one-year average by 0.56 percentage points and exceeded the long-run average by 0.33 percentage points, highlighting a significant departure from historical inflation trends.

Oil: Piling On The Uncertainties

• ‘Events’ last week added to already significant uncertainties around the oil supply/demand equation. In particular, producers and investors alike would do well to recall James Carville’s quip to the effect that he wanted to be reincarnated as the bond market.

By Alastair Newton

Qatar PMI Non-Oil Private Sector 53.7 in Sep-23

- Qatar's non-oil private sector PMI in September 2023 experienced a slight decline to 53.7, the lowest level since February 2023.
- Despite the decline, the sector is still expanding, with the reading comfortably above the critical threshold of 50. The current PMI remains 1.73 points higher than the one-year average, indicating a relatively strong performance over the past year.

Qatar M2 money supply 1.01% y-o-y in Aug-23

- Qatar's M2 money supply grew by 1.01% year-on-year in August 2023, the lowest growth rate since March 2021 and indicating a deceleration in money supply expansion.
- The current growth rate of M2 money supply is significantly lower than both the 1-year average and the long-run average, suggesting a departure from the typical trend of money supply growth in Qatar.