Business conditions hit
four-month low as output

The National

Lebanon’s business conditions fell to a four-month low in September, reversing an earlier move into expansion territory during August as output and new orders declined amid persistent hyperinflation in the country.

“As the summer season has come to an end, Lebanon is evidently witnessing a decrease in tourist arrivals and spending, in addition to the strike of banks,” said Stephanie Aoun, a research analyst at Blominvest Bank.

“Therefore, the business activity in Lebanon's private sector is continuously shrinking amid rising inflation, political instability and weakening of the Lebanese pound.” FULL STORY