BLOM Lebanon PMI Increased in April 2017

Business conditions continued to deteriorate across Lebanon’s private sector economy at the start of the second quarter, as highlighted by the headline BLOM Lebanon PMI registering a reading of 47.5 in April, below the 50.0 mark that separates growth from contraction. That said, the index increased from March’s four-month low of 46.9 to signal a slight slowdown in the rate of decline.

Commenting on the April 2017 PMI results, Marwan Mikhael, Head of Research at BLOMINVEST Bank, said:

“Uncertainties surrounding the endorsement of a new electoral law have restrained demand during the month of April, especially after missing another critical deadline for the third time since 2013. This was translated into a further, albeit slower, decline in the business conditions of the private sector economy. On the brighter side, the decrease in output in April was the second-slowest seen since the start of 2016. For the period to come, the turn of events by mid-May, date of the new electoral law deadline, will shape future political developments and their impact on private sector activity.”

For the full reports click below:

LB_PMI_ENG_1705 – final

LB_PMI_ENG_1705_PR – final –

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