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.

Manufacturing Pmi in Lebanon averaged 46.24 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 July of 2020. source: Markit Economics

Manufacturing Pmi in Lebanon is expected to be 36.20 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 47.00 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
37.20 30.90 49.50 30.90 2013 - 2020 points Monthly
SA


News Stream
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 Private Sector Contracts at Record Pace
The BLOM Lebanon PMI slumped to 35 in March of 2020 from 45.4 in the previous month, pointing to the quickest deterioration in Lebanese private sector business conditions since data collection began in May 2013. Output contracted at the fastest since the survey's inception, as firms pared back activity amid widespread business closures; and new orders plummeted at the quickest pace on record, partially driven by the sharpest export decline in the survey’s history. Also, workforce contraction was the fastest since data collection began. On the price front, input prices continued to rise solidly, and output prices went up fractionally. Finally, Lebanese businesses remained pessimistic towards the 12-month business outlook, but the degree of negativity was fractionally softer than February's record low.
2020-04-03
Lebanon Private Sector Remains in Deep Contraction
The BLOM Lebanon PMI rose to 45.4 in February of 2020 from 44.9 in the previous month. Although the reading pointed to the slowest contraction in the country's private sector for four months, the rate of decline remained marked. Both output and new orders continued to fall at a sharp pace, mainly attributed to ongoing political instability. Also, employment fell further extending the current sequence of staff cutting to six months and backlogs of work also went down. In terms of prices, input price inflation accelerated a 3-month high, likely driven by purchase prices, as average wages fell for the fourth straight month. Meantime, selling prices were raised for the first time in three months, pushing overall inflation to the highest since the survey began in May 2013. Looking forward, sentiment towards the 12-month business outlook was the weakest on record, driven by expectations for prolonged political and economic instability.
2020-03-04

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. .