PMI rises to five-month high in July

The BLOM Lebanon PMI rose to 50.7 in July, from 50.3 in June, signaling a second consecutive month of improvement in private sector business conditions and the strongest expansion since February. Growth was primarily driven by stronger output and new orders, both of which recorded their fastest increases in five months, reflecting resilient domestic demand despite persistent regional uncertainties. In particular, the continued return of expatriates and tourists during the peak summer season, supported by the United Arab Emirates’ decision to lift its travel ban on Lebanon at the end of June, likely boosted activity across both the manufacturing and services sectors, while the ongoing normalization of economic activity following the ceasefire continued to support consumer spending and business operations. Meanwhile, new export orders remained in contraction, albeit at a softer pace, as elevated shipping costs and lingering geopolitical tensions continued to weigh on external demand. At the same time, supply chain disruptions led to a sharp deterioration in supplier delivery times and contributed to the steepest increase in input costs in over three years, prompting firms to raise selling prices. Nevertheless, the sustained expansion in new business suggests that domestic demand remained sufficiently robust to offset external headwinds and support overall private sector growth during July.

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