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Coincident Indicator up 6% year-on-year in first four months of 2016

BEIRUT | iloubnan.info - June 25, 2016, 16h33

The Central Bank's Coincident Indicator, an index of economic activity in Lebanon, reached 297.6 points in April 2016 compared to 296.1 in March 2016 and 288.2 in April 2015, Byblos Bank's Lebanon This Week reported.

The Coincident Indicator, an average of 8 weighted economic indicators, increased by 0.5% month-on-month and by 3.3% year-on-year in April 2016.

The indicator averaged 291.9 in the first four months of 2016, up 6% from 275.3 in the same period of 2015. Also, the indicator averaged 284.2 in the 12 months ending April 2016, compared to 283.4 in the 12 months ending March 2016 and 272.5 in the 12 months ending April 2015. As a result, the average coincident indicator increased by 0.3% month-on-month and improved by 4.3% year-on-year.

In parallel, the indicator improved 18 times and regressed six times on a monthly basis in the month of April since 1993. It averaged 249.5 in 2010, 255.7 in 2011, 256.6 points in 2012, 264.7 points in 2013, 273.2 points in 2014 and 278.6 in 2015.

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