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Feb. 06, 2018 | 12:02 AM

BLOM PMI records slowest contraction in nine months

The Daily Star

A version of this article appeared in the print edition of The Daily Star on February 06, 2018, on page 4.

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Summary

Business performance in Lebanon improved in January 2018 compared to the past nine months, BLOM PMI showed Monday.

The report said that business conditions in Lebanon's private sector continued to deteriorate at the start of 2018, but the rate of decline was the slowest seen for nine months.

It added output fell at the slowest rate seen since April last year, the pace of contraction easing from that seen at the end of 2017 when the respective index was at its lowest level in 14 months. It was a similar picture for new orders, which also fell to the smallest extent since last April.