Israel PMI August 2021

Israel

Israel: Manufacturing PMI rebounds in August

September 16, 2021

The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA came in at 54.1 in August, up from July's 46.8. Consequently, the index rose above the 50-threshold, signaling an expansion in business conditions from the previous month.

August’s reading was driven by expansions in domestic orders and production, while exports continued to contract likely due to ongoing Covid-19 related supply disruptions.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 6.0% in 2021, down 0.1 percentage points from last month’s forecast. For 2022, our panelists expect fixed investment to expand 4.4%.


Author:, Economist

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Israel PMI August 2021

Note: Bank Hapoalim Purchasing Managers’ Index. Readings above 50 indicate an improvement in manufacturing business conditions while readings below 50 indicate a deterioration.
Source: Bank Hapoalim and IPLMA.


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