Lebanon’s PMI at 5-Month High, Signalling a Slower Contraction in Private Sector Economy
04 August 2016
Lebanon’s Purchasing Manager’s Index (PMI) rose back to 45.5 points in July, yet still highlighting a persistent weakening in the private sector economy. Surveyed companies witnessed slower contractions in output and new orders, although orders placed by foreign customers deteriorated at a faster rate than that of the previous month.
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