BLOM Lebanon PMI Stood at 46.2 in March

“The private sector’s economy has further contracted in March, as gauged by Blominvest’s economic indicator “BLOM PMI” released today. Posting 46.2 for the month, BLOM PMI was slightly above its February’s score of 45.5, but still below the 50 mark separating economic contraction from growth. Private sector’s agents continue to struggle with spillovers from Syria and domestic security pressures, despite the political progress recorded during the month. The survey which scans indicators of business activity, revealed sharp falls in output and new businesses from both local and foreign customers, as well as a slight dip in employment levels. Full details are available in the attached BLOM PMI report:

 

BLOM PMI_Eng report

BLOM PMI_En press release

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