Israel: Business conditions improve at a robust pace in October
November 19, 2018
The Purchasing Managers’ Index (PMI)—produced by Bank Hapoalim together with the Israeli Purchasing & Logistics Mangers Association (IPLMA)—rose to 52.7 in October from 50.0 in September. This suggests that business conditions improved robustly in the month. The reading highlighted resilient growth in domestic and foreign orders as well as employment.FocusEconomics Consensus Forecast participants expect fixed investment to increase 4.8% in 2019, down 0.4 percentage points from last month’s forecast. For 2020, the panelists expect fixed investment to expand 4.4%.
Author: Jan Lammersen, Economist