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.