The BLOM Lebanon PMI rose to 44.9 in July 2020 from 43.2 in the previous month, pointing to another marked deterioration in Lebanese business conditions, albeit one that was softest for five months. Output fell the least since before the escalation of the coronavirus pandemic in March, while new orders and employment remained in contraction territory. On the cost front, overall input prices rose sharply and average charges advanced for the sixth month in a row. Looking forward, Lebanese businesses were still severely pessimistic towards the 12-month business outlook. Negativity was driven by fears that the current liquidity crisis in the domestic economy would persist.

Manufacturing Pmi in Lebanon averaged 46.18 points from 2013 until 2020, 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 August of 2020. source: Markit Economics

Manufacturing Pmi in Lebanon is expected to be 20.00 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 49.00 points in 2021 and 50.00 points in 2022, according to our econometric models.

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Lebanon PMI

Actual Previous Highest Lowest Dates Unit Frequency
44.90 43.20 49.50 30.90 2013 - 2020 points Monthly
SA


News Stream
Lebanese Business Conditions Continue to Deteriorate in July
The BLOM Lebanon PMI rose to 44.9 in July 2020 from 43.2 in the previous month, pointing to another marked deterioration in Lebanese business conditions, albeit one that was softest for five months. Output fell the least since before the escalation of the coronavirus pandemic in March, while new orders and employment remained in contraction territory. On the cost front, overall input prices rose sharply and average charges advanced for the sixth month in a row. Looking forward, Lebanese businesses were still severely pessimistic towards the 12-month business outlook. Negativity was driven by fears that the current liquidity crisis in the domestic economy would persist.
2020-08-14
Lebanon Private Sector Contraction Softest in 4 Months
The BLOM Lebanon PMI increased to 43.2 in June of 2020 from 37.2 in the previous month. The latest reading pointed to another marked deterioration in the country's private sector, but the slowest since February. Although the pace of reductions in output, new orders and export sales eased, it remained sharp overall, amid liquidity issues caused by the ongoing monetary crisis. In addition, the pace of job cutting accelerated to the quickest since March. On the price front, the rate of input inflation ticked up fractionally to the quickest in over seven years. Consequently, output prices were raised accordingly, in an attempt to maintain acceptable margins. Looking ahead, sentiment was the weakest since data collection began over seven years ago, on fears that the country's monetary and political crises would continue.
2020-07-03
Lebanon Private Sector Shrinks Less in May
The BLOM Lebanon PMI rose to 37.2 in May of 2020 from an all-time low of 30.9 in the previous month. The latest reading pointed to another marked deterioration in the country's private sector, although the softest in three months. Output, new orders and employment continued to fall sharply but slightly less than in April, amid uncertainty surrounding the prolonged containment of the coronavirus outbreak. On the price front, input inflation accelerated to the quickest in seven years, as higher purchase prices more than offset another reduction in wages cost. As a result, firms raised their selling prices accordingly. Finally, business sentiment was the second-worst since the survey began, on fears of a prolonged global economic downturn.
2020-06-03
Lebanon Private Sector Activity Contracts at Record Pace
The BLOM Lebanon PMI plunged to 30.9 in April 2020 from 35 in the previous month. The reading pointed to the steepest contraction in private sector activity since survey began in 2013, amid lockdowns due to the coronavirus outbreak. Output, new orders and export sales slumped to fresh record lows. Meantime, the job shedding rate slowed despite the ongoing economic turmoil. On the price front, cost burdens rose at the quickest pace since May 2013, and purchase prices increased sharply due to a stronger US dollar and higher material costs. Lastly, sentiment deteriorated to an unprecedented level, amid expectations of a decline in business activity over the next year.
2020-05-06

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. .