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Economy improves in first quarter.

Summary: Figures released by the Central Bank of Lebanon show that the coincident indicator -- a composite monitor of economic activity developed.

BEIRUT: Figures released by the Central Bank of Lebanon show that the coincident indicator -- a composite monitor of economic activity developed to observe Lebanon's macroeconomic performance -- reached an average of 259.5 points during the first three months of 2012. This is up by 3.7 percent relative to the same period last year.

This increase compares to a yearly decline of 0.5 percent in the coincident indicator witnessed in the first three months of 2011, a period during which the country was in the midst of political bickering.

From February 2012, the average coincident indicator took an upturn and rose by 1 percent against an increase of 0.6 percent in March 2011, relative to February 2011.

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Publication:The Daily Star (Beirut, Lebanon)
Geographic Code:7LEBA
Date:Jun 6, 2012
Words:156
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