One frightful forecast for Lebanon's economy, according to January data

albawaba

Lebanon’s construction, retail and services sectors contracted the most in January, the seventh consecutive month of decline in business activity, a survey showed Wednesday.

The seasonally adjusted BLOM Lebanon Purchasing Manager Index compiled by data firm Markit dropped to 44.7 – the lowest level since the index was launched in May 2013 – compared to 49 in December 2013, signaling an increasing economic contraction rate.
FULL STORY