Israel PMI April 2019

Israel

Israel: Manufacturing PMI dips in April

May 19, 2019

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 52.2 in March to 51.9 in April, but remained above the neutral 50-point mark separating contraction from expansion in the manufacturing sector.

The change in the headline figure was driven by slower growth in production and employment, and a sharper contraction in export demand. In contrast, domestic demand growth strengthened.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 3.9% in 2019. For 2020, panelists expect fixed investment to expand 3.7%.


Author:, Economist

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Israel PMI April 2019

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


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