Lebanon records a slowdown in deterioration of business conditions – The National

Lebanon records a slowdown in deterioration of business conditions – The National

Lebanon recorded a slowdown in deterioration of its business conditions in December as companies' output and new orders declined at a slower pace, although the challenging political and economic climate remain a significant hindrance to the growth of the private sector.

The Blom Lebanon PMI, which measures operating conditions in the country's private sector, rose to 46.7 in December, up from 46.1 in November, remaining below the 50.0 mark that separates growth from contraction.

Despite the uptick, the survey of companies still indicated a deterioration in Lebanon's private sector and the "static facets" of the economy.