The BLOM Lebanon PMI grew further in February by 50.5 despite marginally slowing from January’s peak (since May 2013) of 50.6. All sub-indices experienced growth this month, signaling expansion across various economic sectors. Stronger sales, particularly from abroad, supported economic growth and lifted employment into the growth zone for the first time since November 2023. The Future Output Index, a measure of business expectations for the next 12 months, recorded its second highest level ever, following January’s peak. This suggests that business confidence is high and expect strong economic growth ahead. The outlook for tourism is particularly promising. In fact, the political landscape has significantly improved business sentiment. The election of a new president and the formation of a cabinet believed to be pro-reform, have boosted optimism among Lebanese businesses. This political stability and the potential for a spectrum of reforms may lead to sustained improvements in the business environment and economic performance.
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