The PMI index (Purchase Managers Index, or index of purchasing managers), published by BlomInvest with Markit, continued to rise in March, rising from 48.8 to 49.7 points. It thus marks its highest since last August and is therefore slowly approaching 50 points. Past this course, this index would then indicate a resumption of economic activity in the country in crisis for more than three years. This is still not the case therefore, this result still showing a decline in investments in Lebanon.
According to the authors of the report, while the PMI index still shows signs of contraction, it is happening at a slower pace than in the previous few months. In any case, both production (48.9 points against 47.4 in February) and new orders (48.8 points against 47.1 in February) enabled this index to climb in March. Nevertheless, the ambient pessimism remains de rigueur, underline the authors, although, “despite the enormous challenges (due to the situation of the country), the national private sector seems to have managed to cope and to stabilize”, declares Stéphanie Aoun , an analyst at BlomInvest, in this report.
The PMI index (Purchase Managers Index, or index of purchasing managers), published by BlomInvest with Markit, continued to rise in March, rising from 48.8 to 49.7 points. It thus marks its highest since last August and is therefore slowly approaching 50 points. After this milestone, this index would then indicate a resumption of economic activity in the country in crisis for more than…