Israel PMI November 2021

Israel

Israel: Manufacturing PMI deteriorates in November

December 15, 2021

The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA, fell to 50.3 in November from October's 55.4. Consequently, the index remained above the 50-threshold, pointing to a continued, albeit moderating, improvement in business conditions from the previous month.

November’s weaker reading was due to a broad-based decline in the subcomponents, with local orders in particular losing steam, and exports continuing to contract. However, firms’ purchasing activity growth accelerated.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 4.4% in 2022, down 0.1 percentage points from last month’s forecast. For 2023, our panelists expect fixed investment to expand 3.9%.


Author:, Economist

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Israel PMI November 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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