The BLOM Lebanon PMI edged down to 47.5 in June of 2021 from 47.9 in the previous month. Both output and new orders declined at a faster pace which led to a decrease in staffing levels. Lower staffing numbers contributed to a further month of falling labour costs, although overall input price inflation accelerated for the first time since March. In addition, poor cash availability, economic instability and a weakening exchange rate were key factors driving the stronger decline in operating conditions. Looking forward, firms remained extremely pessimistic for the year ahead, as lower purchasing power will restrict output volumes of business. source: Markit Economics

Manufacturing PMI in Lebanon averaged 45.91 points from 2013 until 2021, 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 2021.

Manufacturing PMI in Lebanon is expected to be 51.00 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 53.00 in 12 months time. In the long-term, the Lebanon PMI is projected to trend around 50.00 points in 2022, according to our econometric models.

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Lebanon PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.50 47.90 49.50 30.90 2013 - 2021 points Monthly
SA


News Stream
Lebanon Private Sector Continues to Shrink
The BLOM Lebanon PMI edged down to 47.5 in June of 2021 from 47.9 in the previous month. Both output and new orders declined at a faster pace which led to a decrease in staffing levels. Lower staffing numbers contributed to a further month of falling labour costs, although overall input price inflation accelerated for the first time since March. In addition, poor cash availability, economic instability and a weakening exchange rate were key factors driving the stronger decline in operating conditions. Looking forward, firms remained extremely pessimistic for the year ahead, as lower purchasing power will restrict output volumes of business.
2021-07-05
Lebanese Private Sector Contracts the Least in 19 Months
The BLOM Lebanon PMI edged higher to 47.9 in May of 2021 from 47.1 in the prior month, marking the fourth straight month of improvements. Business conditions stayed on track towards the stabilization, although the index has been below the 50 threshold for the past 19 months. The decline in output and new orders was the slowest since October 2019, weighed down by a weaker Lebanese pound and an associated drop in purchasing power. The excess capacity slightly shrank, which helped soften the contraction in employment and slowed the reduction of backlogs of work. On the price front, input cost inflation eased to a 4-month low, while prices faced by customers went up for the 16th straight month, with panelists citing currency weakness. Looking forward, firms remained extremely pessimistic for the year ahead, amid the unfavorable current political and economic environment.
2021-06-03
Lebanon Private Sector Shrinks the Least in 18 Months
The BLOM Lebanon PMI rose to 47.1 in April of 2021 from 46.4 in March. The latest reading pointed to the softest deterioration in business conditions faced by Lebanese private sector firms for 18 months, albeit one that was still solid overall. Although the reduction in output and new orders remained sharp, the upward trend was partially supported by both indicators in April, with rates of decline easing to the slowest since October 2019. Meantime, employment stabilized after a renewed downturn in staff numbers during March. On the price front, the rate of input price inflation was among the quickest since the survey began eight years ago and the rate of charge inflation eased from March but remained historically marked. Finally, firms remained extremely pessimistic towards the one-year business outlook.
2021-05-06
Lebanon Private Sector Activity Downturn Softens
The BLOM Lebanon PMI rose to 46.4 in March of 2021 from 42.2 in February. Although the reading indicates a further deterioration in Lebanese business conditions, the decrease is the softest since October of 2019. Both output and new orders continued to fall amid lower purchasing power and the appreciation of the US dollar, but the reduction was relatively slow. In addition, costs faced by businesses rose the most in 9 months and employment fell marginally. Finally, fears of political instability and the collapse of the Lebanese pound in an economy highly dependent on imports, further depressed expectations of business entrepreneurs in Lebanon.
2021-04-07

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. .