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.