This report contains the third public release of data collected from the new monthly survey of business conditions in the Lebanese private sector. The survey, sponsored by Blominvest Bank and compiled by Markit, has been conducted since May 2013 and provides an early indication of operating conditions in Lebanon. The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI™).
The PMI is a composite index, calculated as a weighted average of five individual sub-components: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.
The December survey signalled a substantial easing in the rate of contraction of the Lebanese economy. This was highlighted by the seasonally adjusted BLOM PMI™ rising to 49.0, up from 45.1 in November. Although the PMI remained below the 50.0 no-change mark – signalling a deterioration in the health of the economy – it now stands at a level indicative of only a modest pace of decline.
BLOM Lebanon PMI Dec_Press Release_En
BLOM Lebanon PMI Dec_En