According to the central bank of Lebanon, Cement deliveries declined by an annual 5.30% by November 2018 to stand at 4.47M tons. In fact, the number of construction permits also decreased by a yearly 15.94% to settle at 12,842 permits by November 2018 according to the Orders of Engineers in Beirut and Tripoli. It is worth mentioning that the six-month moving average of the number of cements deliveries declined by 6.17 year-on-year (y-o-y), to reach 424,820 tons in November 2018.
Total Monthly Cement Deliveries (M tons)
Source: Banque du Liban