The BLOM Lebanon PMI decreased to 44.9 in January 2020 from 45.1 in the previous month. The latest reading pointed to a faster contraction in business conditions across the Lebanese private sector, as the job shedding rate accelerated and output continued to decline amid ongoing political instability and liquidity issues emerging within the national banking system. Additionally, new orders dropped for the eightieth consecutive month, as demand conditions continued to softened and foreign demand went down at the sharpest pace since protest-hit November. On the price front, input cost inflation rose at the second-fastest pace in almost two years; while output prices were stable. Lastly, firms were pessimistic towards the business outlook, mainly due to prolonged demand weakness expectations.

Manufacturing Pmi in Lebanon averaged 46.72 points from 2013 until 2020, reaching an all time high of 49.50 points in November of 2014 and a record low of 37 points in November of 2019. This page provides - Lebanon Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics

Manufacturing Pmi in Lebanon is expected to be 46.50 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 50.00 in 12 months time. In the long-term, the Lebanon PMI is projected to trend around 51.00 points in 2021, according to our econometric models.


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Lebanon PMI

Actual Previous Highest Lowest Dates Unit Frequency
44.90 45.10 49.50 37.00 2013 - 2020 points Monthly
SA


News Stream
Lebanon Private Sector Activity Continues to Contract
The BLOM Lebanon PMI decreased to 44.9 in January 2020 from 45.1 in the previous month. The latest reading pointed to a faster contraction in business conditions across the Lebanese private sector, as the job shedding rate accelerated and output continued to decline amid ongoing political instability and liquidity issues emerging within the national banking system. Additionally, new orders dropped for the eightieth consecutive month, as demand conditions continued to softened and foreign demand went down at the sharpest pace since protest-hit November. On the price front, input cost inflation rose at the second-fastest pace in almost two years; while output prices were stable. Lastly, firms were pessimistic towards the business outlook, mainly due to prolonged demand weakness expectations.
2020-02-05
Lebanon Private Sector Activity Falls Less in December
The BLOM Lebanon PMI increased to 45.1 in December 2019 after hitting a record-low of 37.0 in November. Output, new orders and export orders continued to fall strongly mainly due to regional instability, but the rates of contraction eased compared with the previous month. As a result, employment decreased further and for the fourth consecutive month, but the reduction was only slight overall. Purchasing activity also went down markedly but slower than in November. On the price front, input inflation eased despite sharp overall while output charges were cut. Looking ahead, private sector firms anticipated a contraction in output during 2020, amid fears that political turmoil would persist.
2020-01-07
Lebanon Private Sector Shrinks at Record Pace
The BLOM Lebanon PMI fell to 37.0 in November 2019 from 48.3 in the previous month, pointing to the sharpest contraction in private sector activity since the survey began in May 2013. Both output and new orders declined at historically marked rates driven by widespread protests which erupted in October 17th. As a result, firms continued to cut jobs and at the quickest pace in over three years. Also, supplier delivery times lengthened to the greatest extent on record, amid reports of road and port blockages. In terms of prices, input prices increased at the fastest pace since January 2018, back when the country's sales tax rose. Meantime, output charges were raised for the first time since February but the rate of inflation was only marginal overall. Looking ahead, sentiment was at the weakest level since May 2017, driven by fears that the current political and economic turmoil would persist.
2019-12-04
Lebanon Private Sector Shrinks the Least Since 2016
The BLOM Lebanon PMI rose to 48.3 in October 2019 from 46.4 in the previous month, the smallest contraction in private sector activity since January 2016. However, data was collected on or before the 17th of October, due to business closures amid protests across Lebanon. Output shrank the least in 45 months and new orders declined at the slowest rate since January 2016, mainly on the domestic market, as new export orders fell at a pace broadly consistent with that in September. Meanwhile, employment has been little changed in five of the past six months. On the price front, input prices increased marginally while output cost fell for the twentieth month in a row. Finally, firms remained pessimistic towards the one-year business outlook but the degree of negativity eased to the weakest since April.
2019-11-07

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. .