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.