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Contraction of the Private Sector Economy Slackened in February; BLOM PMI inched up to 47.3

06 March 2018

Despite the persisting declines in the levels of output and new work, the contraction within the private sector companies soothed in February. The improving employment in the private sector companies and the slowing contractions of the levels of output and new orders mainly boosted the BLOM PMI’s performance however the Lebanese indicator remained below the neutral mark of 50, separating economic contraction from growth.

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