For the month of August, President Michel Aoun and Prime Minister-designate Najib Mikati have met several times to agree on a new cabinet with no end result. However, as of last week, President expressed ... read more
Over the past month, the resignation of Prime Minister-designate Saad Hariri had a serious impact on the local market as the US dollar rate in the parallel market exceeded LL22,000. For the near future, if ... read more
In the previous months, lockdown played a role in aggravating the economic and financial situation of the country; however, the easing of some measures and vaccine intake helped in reviving different ... read more
After a delay in government formation efforts, Lebanon’s economy is expected to contract further in 2021, in addition to drops in private consumption and exacerbating economic, exchange rate and debt ... read more
The BLOM Lebanon Purchasing Managers’ Index (PMI) increased from 46.5 in January 2019 to 46.9 in February as output and new orders declined at a slower pace, the slowest in a year. On January 31st the ... read more
The BLOM Lebanon Purchasing Managers’ Index (PMI) slid from 46.7 in November 2018 to 46.2 in December 2018 and therefore ended 2018 below the average of 46.3 for the year. The PMI readings therefore ... read more
The BLOM Lebanon Purchasing Managers’ Index (PMI) registered 46.0 in June 2018 compared to 46.4 in May 2018. In fact, Lebanese private sector businesses have been citing local and regional political ... read more
Business conditions continued to deteriorate across Lebanon’s private sector economy at the start of the second quarter, as highlighted by the headline BLOM Lebanon PMI registering a reading of 47.5 in ... read more
The private sector companies witnessed faster contractions in output and new orders during the month of August. This was reflected by Lebanon’s monthly Purchasing Managers’ Index (PMI), released by ... read more
The private sector’s economic activity remained firmly in contraction area in June, as revealed by Lebanon’s PMI released by Blominvest Bank today. BLOM PMI stood well below the 50 mark, which separates ... read more
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