Coincident Index in Lebanon decreased to 291.60 Index Points in August from 304.30 Index Points in July of 2019. Coincident Index in Lebanon averaged 196.79 Index Points from 1993 until 2019, reaching an all time high of 325.70 Index Points in April of 2018 and a record low of 91.50 Index Points in March of 1993.
Lebanon Coincident Index
Coincident Index is a monthly weighted average that measures economic activity and correlates with the business cycle. Its evolution is a barometric indication of the behavior of the domestic economy at large. It includes eight economic indicators that seek to reflect the current state of the economy in Lebanon: construction permits, cement deliveries, property sales, electricity production, merchandise trade, cleared checks,passengers at the airport, car sales. In general, increasing coincident index shows that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase.