The BLOM Bank headquarters in Beirut, Friday, Dec. 9, 2011. (The Daily Star/Mahmoud Kheir)
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Lebanon's private sector performance continued to slide in April due to regional tension, according to BLOM PMI. The report issued by BLOMINVEST Bank noted that most of the companies surveyed said they experienced a decline in output.Commenting on the April PMI results, Fadi Osseiran, general manager of BLOMINVEST Bank, said: "The operating environment of the Lebanese private sector economy remained challenging as shown by the decline in the BLOM PMI to 46.2 in April 2018 .According to BLOMINVEST Bank, the PMI is a composite index, calculated as a weighted average of five individual subcomponents: new orders (30 percent), output (25 percent), employment (20 percent), suppliers' delivery times (15 percent) and stocks of purchases (10 percent).
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