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Lebanese private firms continued to reel under the harsh economic, security and political conditions, with new data showing decline in the month of July, according to a survey conducted by BLOM Bank.The PMI is a composite index, calculated as a weighted average of five individual sub-components: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers' Delivery Times (15 percent) and Stocks of Purchases (10 percent).July saw the seasonally adjusted BLOM Lebanon PMI fall to a four-month low of 47.9 from 49.1 in June, signaling a sharper deterioration in overall business conditions in Lebanon's private sector. A decrease in outstanding business suggested that staffing levels were more than sufficient to cope with the current levels of demand faced by businesses.
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