Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with Qatar Financial Centre (QFC) Authority released the D&B Business Optimism Index (BOI) survey for Qatar for Q1 2013 during a press conference hosted in partnership with the Qatari Businessmen Association. The BOI survey results indicate that the Qatari business community remains cautiously optimistic.
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Commenting on the findings of the latest survey Prashant Kumar, Associate Director, Dun and Bradstreet South Asia Middle East Ltd. said: “Business sentiments among the non-hydrocarbon sector units have improved in Q1 2013 compared with the previous quarter while sentiments for the hydrocarbon sector have remained almost same as the previous quarter.
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Recent data from the Qatar Statistics Authority (QSA) show that real GDP rose 3.9% from a year earlier in Q3 2012. According to further estimates by the QSA, the mining and quarrying sector declined by 0.8% in Q3 2012 from a year ago. The hydrocarbon sector optimism index stands at 15 compared to 17 in Q4 2012. On the other hand, non-hydrocarbon sector optimism has improved in Q1 2013 from the previous quarter. As observed in the last two quarters, we continue to see high optimism among businesses in transport & communications. The survey also reflects rising optimism levels in Trade & Hospitality as well as the Manufacturing sectors.”
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