The BLOM Lebanon PMI rose to 46.4 in March of 2021 from 42.2 in February. Although the reading indicates a further deterioration in Lebanese business conditions, the decrease is the softest since October of 2019. Both output and new orders continued to fall amid lower purchasing power and the appreciation of the US dollar, but the reduction was relatively slow. In addition, costs faced by businesses rose the most in 9 months and employment fell marginally. Finally, fears of political instability and the collapse of the Lebanese pound in an economy highly dependent on imports, further depressed expectations of business entrepreneurs in Lebanon. source: Markit Economics

Manufacturing PMI in Lebanon averaged 45.86 points from 2013 until 2021, reaching an all time high of 49.50 points in November of 2014 and a record low of 30.90 points in April of 2020. This page provides - Lebanon Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Lebanon PMI - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Manufacturing PMI in Lebanon is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Lebanon to stand at 53.00 in 12 months time. In the long-term, the Lebanon PMI is projected to trend around 50.00 points in 2022, according to our econometric models.

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Lebanon PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.40 42.20 49.50 30.90 2013 - 2021 points Monthly
SA


News Stream
Lebanon Private Sector Activity Downturn Softens
The BLOM Lebanon PMI rose to 46.4 in March of 2021 from 42.2 in February. Although the reading indicates a further deterioration in Lebanese business conditions, the decrease is the softest since October of 2019. Both output and new orders continued to fall amid lower purchasing power and the appreciation of the US dollar, but the reduction was relatively slow. In addition, costs faced by businesses rose the most in 9 months and employment fell marginally. Finally, fears of political instability and the collapse of the Lebanese pound in an economy highly dependent on imports, further depressed expectations of business entrepreneurs in Lebanon.
2021-04-07
Lebanon Private Sector Activity Continues to Shrink
The BLOM Lebanon PMI rose to 42.2 in February of 2021 from 41 in January, pointing to an over six-year period of contraction in the private sector. Output continued to contract, as well as new orders received by the Lebanese firms, due to the pandemic restrictions. Nevertheless, employment levels stabilized after a 17-month spell of consecutive reductions. On the price front, input cost inflation accelerated to the quickest for three months and was solid overall, while output charge inflation eased from January. Finally, sentiment towards the one-year business outlook was at a record low, due to generalized fear of political instability.
2021-03-03
Lebanon Private Sector Activity Downturn Accelerates
The BLOM Lebanon PMI declined to 41 in January of 2021 from 43.2 in the previous month, pointing to a sharper deterioration in Lebanese business conditions. It was the strongest decline rate for output and new orders since the Beirut port explosion in August 2020, severely affected by the impact of COVID restrictions on operating capacity and weaker international demand. Additionally, input delivery times lengthened further, while job shedding eased from December and was marginal overall. Regarding prices, both input prices and output charge inflation continued to rise, the latter at the quickest rate since July 2020. Looking forward, firms remained severely pessimistic towards the one-year business outlook.
2021-02-03
Lebanon Private Sector Activity Downturn Softens
The BLOM Lebanon PMI rose to 43.2 in December of 2020 from 42.4 in the previous month, pointing to a softer deterioration in Lebanese business conditions. However, the rate of decline was still sharper than the historical average, as demand conditions remained severely subdued due to the ongoing political and economic crisis in the country. Output, new orders and exports decreased the least in five months. Meanwhile, the rate of job shedding accelerated to the quickest since July. At the same time, a further decrease in input buying led to a fourteenth successive monthly contraction in inventories that was only marginal. Regarding prices, both input inflation and output charge inflation slowed slightly.
2021-01-07

Lebanon PMI
In Lebanon, the BLOM Lebanon Purchasing Managers’ Index measures the performance of private sector and is derived from a survey of 450 companies, including manufacturing, services, construction and retail. The PMI is a composite index, calculated as a weighted average of five individual sub-components: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). Reading above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. .