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.