According to the central bank of Lebanon, Cement deliveries declined by an annual 4.13% by Q3 2018 to stand at 3.63M tons. In fact, the number of construction permits also decreased by a yearly 16.47% to settle at 10,446 permits by September 2018 according to the Orders of Engineers in Beirut and Tripoli.
It is worth mentioning that the six-month moving average of the number of cements deliveries declined by 5.24% year-on-year (y-o-y), to reach 429,440 tons in September 2018.
Total Monthly Cement Deliveries (M tons)
Source: Banque du Liban