Cement deliveries contracted by a yearly 1.43% by July 2017, to stand at 2.86M tons compared to 2.9M tons by July 2016. In addition, the six-month moving average of the number of cement deliveries recorded a downtick of 3.72% year-on-year (y-o-y), to reach 424,593 tons during the first seven months of 2017.
In the month of June 2017 alone, cement deliveries escalated by an annual 17.27% to 466,360 tons, which can be partially justified by the 24% yearly rise in construction permits during the mentioned month.
Total Monthly Cement Deliveries
Source: Banque du Liban