The BLOM Lebanon PMI increased to 42.1 in September of 2020 from 40.1 in August, but still pointed to a marked contraction in private sector activity. The latest downturn was partially driven by a further decline in output at the end of the third quarter. Although the rate of contraction eased from August, it remained among the quickest since data collection began nearly seven-and-a-half years ago amid ongoing disruption related to the Beirut port explosion, as well as difficulties in securing US dollars. Also, new orders received by Lebanese businesses continued to fall and private sector firms continued to cut their staff numbers. On the price front, both input and output prices rose at a quicker pace. Looking forward, Lebanese businesses remained severely pessimistic towards the one-year business outlook, driven by fears that the ongoing liquidity crisis would persist even with the formation of a new government. source: Markit Economics

Manufacturing Pmi in Lebanon averaged 46.06 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 October of 2020.

Manufacturing Pmi in Lebanon is expected to be 40.00 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 51.00 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
42.10 40.10 49.50 30.90 2013 - 2020 points Monthly
SA


News Stream
Lebanon Private Sector Activity Continues to Shrink at Marked Pace
The BLOM Lebanon PMI increased to 42.1 in September of 2020 from 40.1 in August, but still pointed to a marked contraction in private sector activity. The latest downturn was partially driven by a further decline in output at the end of the third quarter. Although the rate of contraction eased from August, it remained among the quickest since data collection began nearly seven-and-a-half years ago amid ongoing disruption related to the Beirut port explosion, as well as difficulties in securing US dollars. Also, new orders received by Lebanese businesses continued to fall and private sector firms continued to cut their staff numbers. On the price front, both input and output prices rose at a quicker pace. Looking forward, Lebanese businesses remained severely pessimistic towards the one-year business outlook, driven by fears that the ongoing liquidity crisis would persist even with the formation of a new government.
2020-10-05
Lebanon Private Sector Activity Extends the Decline
The BLOM Lebanon PMI fell to 40.1 in August of 2020 from 44.9 in July, pointing to another sharp contraction in private sector activity. The result was partially driven by a sharp and accelerated contraction in output at private sector firms. The latest reduction was the quickest since May, with many panellists commenting that the recent explosion in Beirut had caused severe disruption to their operations. A quicker fall in new orders midway through the third quarter also made a downward contribution. The result marked the first acceleration in the rate of decline since April. Anecdotal evidence indicated that temporary business closures related to the explosion had hindered demand conditions. Also, the fall in new export orders was the quickest for three months.
2020-09-08
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 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. .