Israel PMI January 2022

Israel: Manufacturing conditions deteriorate further in January

The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) dropped to 20-month low of 42.9 in January, down from December’s 47.8. Consequently, the index moved further below the 50-threshold, signaling a quicker deterioration in business conditions from the previous month.

January’s downtick was largely due to a contraction of new orders. Furthermore, employment levels dropped in January.

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