Israel: Manufacturing PMI dips in December but remains in expansionary territory
January 16, 2020
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell to 51.8 in December from 52.8 in November, but remained above the neutral 50-mark separating expansion from contraction in the manufacturing sector.
The fall in the headline figure was driven chiefly by softer domestic and foreign demand, while employment continued to decline.
Author: Oliver Reynolds, Economist