« Back BLOM Lebanon PMI December 2021: PMI increases to three-month high in December
05 January 2022

Ms. Tala Nasrallah, Senior Research Analyst at BLOMINVEST Bank, commented on the BLOM Lebanon PMI for December 2021, as follows:
"The month of December witnessed further depreciation of the Lebanese currency, with output prices increasing at the fastest pace for five months, resulting in rising inflationary pressures. The BLOM Lebanon PMI rose to 46.7, ending 2021 on a higher note than the past 3 months, yet it is indicative of a prolonged deterioration in private sector operating conditions and the static facets of the Lebanese economy.
It is worth mentioning that falling purchasing power is facilitating a continuous slowdown in demand and new orders, and a decline in employment as a result. As such, prompt action is vital by the new government while going into 2022 to avoid the crisis from deepening."

Report

Press Release

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Blom Bank SAL published this content on 05 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 11:27:02 UTC.