Israel PMI November 2018

Israel: Business conditions continue to improve in November amid resilient local demand

In November, the Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA) rose to 53.7 in November from 52.7 in October. As a result, the index moves further north of the crucial 50-point mark that separates expansion from contraction in the manufacturing sector. The headline reflected stronger domestic demand offsetting a drop in foreign demand; a significant acceleration in output growth; stronger job creation; and a reduction in the stocks of finished goods.

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