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Lebanon's privately owned companies continued to experience worsening conditions in their activities in September, according to BLOMINVEST's PMI Wednesday.Ali Bolbol, chief economist at BLOMINVEST Bank, said weak demand produced faster declines in the output and new orders indexes, and a stronger euro and more expensive material costs increased the input costs indexes.The report added that the level of business activity among Lebanese firms fell sharply at the end of the third quarter, with the rate of contraction accelerating to the fastest seen since October 2016 .It noted that many Lebanese companies are not too optimistic that this negative trend will change anytime soon.
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