Israel PMI December 2020

Israel: Manufacturing PMI drops sharply in December

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.

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