Israel PMI December 2019

Israel

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.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 2.9% in 2020, up 0.4 percentage points from last month’s forecast. For 2021, our panelists expect fixed investment to expand 2.8%.


Author:, Economist

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Israel PMI December 2019

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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