Business conditions hit
seven-month high amid
rise in orders and output

The National

Business conditions in Lebanon’s private sector improved in March to a seven-month high, indicating a slower pace of deterioration, amid a relative increase in new orders and output.

The country's Blom purchasing managers’ index (PMI), a measure of the strength of its private sector, rose to 49.7 in March — from 48.8 in February — to reach its highest level since August 2022.

A reading above the neutral level of 50 indicates growth while one below it points to a contraction.

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