February’s BLOM PMI shows Private Sector Still Trapped in Contraction

BLOM PMI fell to its lowest level in five month during February, registering 48.7 points from 49.5 points in January, still below the neutral mark 50 points. The monthly indicator revealed lower production levels at the Lebanese companies, as well as fewer new orders. Foreign demand particularly deteriorated at the fastest rate seen since last August. Head of Equities at Blominvest bank noted that “Lebanese companies are especially struggling with demand fluctuations”, citing the downturn in Lebanese exports during 2014 and the contraction of the Consumer Price Index in January as complimentary evidence to the PMI results. Full details about February’s results are available in the attached BLOM PMI reports.

Full details about February’s results are available in the attached BLOM PMI reports:

BLOM PMI_EN

 

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