Lebanese private sector activity deteriorated further at the end of the year, survey figures from IHS Markit and Blominvest Bank showed Thursday.
The BLOM Purchasing Managers’ index, or PMI, dropped to 46.1 in December from 46.2 in the previous month. Any reading below suggests contraction in the sector.
Among components, output, exports, new orders all declined at faster rates in December, while employment remained broadly steady.
The material has been provided by InstaForex Company – www.instaforex.com
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