Lebanon’s business conditions fall to nine-month low in November – The National

Lebanon’s business conditions fall to nine-month low in November – The National

Lebanon's private sector continued to shrink in November, as output and new orders declined to a nine-month low owing to political and economic instability.

The Blom Lebanon PMI, which measures operating conditions in the country's private sector, fell to 46.1 in November, from 46.6 in October, remaining below the 50.0 mark that separates growth from contraction.

The country’s PMI “slipped to its lowest level in nine-months owing to multiple headwinds of domestic and regional developments”, said Aline Azzi, research analyst at Blom Bank. “The major events were highly political, but their impact is completely economic.”