2023-05-05 21:05:21
The PMI index (Purchase Managers Index, or index of purchasing managers), published by BlomInvest with Markit, lost a few stripes in April, falling from 49.7 to 49.5 points. The authors of the report thus note a slight deterioration in “the health of the private sector” in Lebanon. This index is therefore once once more moving away from the 50-point mark which, once crossed, would indicate a resumption of economic activity in the country in crisis for more than three years.
That said, it should be noted that new export orders marked their highest since July 2021 with 50.3 points, once morest 49.3 points the previous month. Production fell from 48.9 points in March to 48.6 points in April, while new orders reached 48.6 points last month, once morest 48.9 points in March.
Commenting on this report, Ali Bolbol, chief economist and director of research at BlomInvest, underlines “a certain revival of confidence” thanks in particular to the stabilization of the exchange rate on the parallel market between the dollar and the Lebanese pound, oscillating during almost during April around 97,000 pounds to the dollar.
The PMI index (Purchase Managers Index, or index of purchasing managers), published by BlomInvest with Markit, lost a few stripes in April, falling from 49.7 to 49.5 points. The authors of the report thus note a slight deterioration in “the health of the private sector” in Lebanon. This index therefore moves away once once more from the cap of 50 points which, once crossed,…
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