Israel PMI December 2020

Israel

Israel: Manufacturing PMI drops sharply in December

January 20, 2021

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 57.1 in November to 50.9 in December, the lowest reading since July. However, the index remained slightly above the neutral 50-mark, signaling improving operating conditions for the fifth straight month. December’s decrease was largely driven by a sharp decline in new exports, amid fresh lockdowns abroad, as well as milder new orders growth at home.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 3.7% in 2021, up 0.3 percentage points from last month’s forecast. For 2022, our panelists expect fixed investment to expand 5.0%.


Author:, Economist

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Israel PMI December 20 20

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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