Israel PMI October 2021

Israel

Israel: Manufacturing PMI dips in October

November 22, 2021

The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA, came in at 55.4 in October, down from September's 58.1. Consequently, the index remained above the 50-threshold, but signaled a slower improvement in business conditions compared to the previous month.

October’s reading was driven by deteriorations in new exports, finished inventories and raw material inputs. Meanwhile, cost inflation eased somewhat.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 4.5% in 2022, up 0.5 percentage points from last month’s forecast. For 2023, our panelists expect fixed investment to expand 3.6%.


Author:, Economist

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Israel PMI October 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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