The Lebanese economy has been struggling during H1 2019. The pressure has been rising to handle the large twin deficits and the very high level of public debt. The Lebanese private sector continued to suffer from low local and regional demand. The BLOM Purchasing Managers’ Index (PMI), a measure of the activity of private sector, stalled at an average of 46.5 in H1 2019, compared to 46.6 and 47.1 in H1 2018 and 2017, respectively As such the Lebanese Car Sector witnessed a huge slump in H1 2019, Moreover, car loan regulations and an increase in oil prices also contributed to the sector deterioration.
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The Lebanese Car Market Performance in H1 2019