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Private sector operating conditions deteriorate, but at the slowest rate since May

06 November 2018

Riwa Daou, Economist at BLOMINVEST BANK, commented the following on BLOM Lebanon PMI’s October 2018 results:

 
“The BLOM Lebanon PMI managed to register a slight uptick from 45.8 in September to 46.2 in October on account of softer contractions in output, new orders and new exports. In terms of GDP growth however, the PMI still translates into a meagre 1%, a threshold we are unlikely to surpass in 2018. On the political front, a government formation will give sentiment a boost as it suggests Lebanon is getting closer to enacting long-awaited reforms.”

 
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