Economic Digest

Short analyses about Lebanon’s latest economic indicators, updated on a monthly basis

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Sara Hadchiti
Economic Digest
November 8, 2019

BDL Instructs Banks to raise capital by up to 20% by the end of June 2020

On November 4th, Lebanon’s central bank issued a circular instructing local lenders to raise their capital (common equity tier one) by 10% before the end of the year and a further 10% by the end of June ... read more

Sara Hadchiti
Economic Digest
November 6, 2019

Moody’s downgrades Lebanon’s credit rating from Caa1 to Caa2

In November 2019, Moody’s downgraded the Government of Lebanon’s issuer ratings to Caa2 from Caa1 noting that the ratings remain on review for further downgrade in the next 3 months. Lebanon mainly ... read more

Sara Hadchiti
Economic Digest
November 5, 2019

Cement Deliveries Declined by 29.83% to 1.24M tons y-o-y by August 2019

Cement deliveries decreased by an annual 29.83% by August 2019 to stand at 2.24M tons, compared to 3.19M tons by August 2018. In addition, the six-month moving average of the number of cement deliveries ... read more

Sara Hadchiti
Economic Digest
November 4, 2019

Total Assets of BDL Down by 2.76% YTD to $136.72 B by October 2019

According to the central bank’s (BDL) balance sheet, total assets dropped by 2.76% since year-start, to end the month of October 2019 at $136.72B. In details, BDL foreign assets account (constituting ... read more

Rouba Chbeir
Economic Digest
November 1, 2019

Value of Cleared Checks Down by 14.6%YOY to $42.4B by Sept. 2019

According to the Association of Banks (ABL), the total value of cleared checks decreased by 14.6% in Q3 2019, which illustrates lower business spending and the fact that people are possibly using alternate ... read more

Sara Hadchiti
Economic Digest
October 17, 2019

Lebanon’s Trade Deficit Ended at $11.37B by August 2019, Down by 3.10% y-o-y

Lebanon’s trade deficit widened in the first 8 months of the year to reach $11.37B, down by 3.10% compared to the same period in 2018. In details, the total value of imports gained an annual 0.88% to stand ... read more

Sara Hadchiti
Economic Digest
October 16, 2019

Lebanon’s Fiscal Deficit Down by 21.74% YOY to $2.41B by July 2019

According to the latest figures by the Ministry of Finance (MoF), Lebanon’s fiscal deficit (cash basis) narrowed from $3.07B by July 2018 to $2.41B by July 2019. This was attributed to a 7.66% yearly drop ... read more

Sara Hadchiti
Economic Digest
October 15, 2019

Number of Construction Permits Slumped by 13.86% to 8,998 in Q3 of 2019

The current economic slowdown continues to weigh down on the construction sector, as the country awaits developments on the political front, especially on the possibility of unlocking the promised CEDRE ... read more

Sara Hadchiti
Economic Digest
October 14, 2019

Number of Total Registered New Cars Dropped by 14.61% y-o-y to 20,959 in Q3 2019

The slump in the car market persists in the first 9 months of 2019, as the number of new registered “commercial” and “passenger” cars retreated yearly by 24.61% from 27,801 by September 2018, to stand at ... read more

Sara Hadchiti
Economic Digest
October 11, 2019

Cement Deliveries Declined by 30.64% to 1.92M tons y-o-y by July 2019

Cement deliveries decreased by an annual 30.64% by July 2019 to stand at 1.92M tons, compared to 2.78M tons by July 2018. In addition, the six-month moving average of the number of cement deliveries ... read more

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