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.