Israel PMI July 2019

Israel

Israel: Manufacturing PMI falls in July

August 18, 2019

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 52.7 in June to 52.2 in July, but remained above the neutral 50-point mark separating expansion from contraction in the manufacturing sector.

The fall in the headline figure was driven by weaker domestic demand and employment growth, and lower exports.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 4.6% in 2019. For 2020, panelists expect fixed investment to expand 3.1%.


Author:, Economist

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Israel PMI July 2019

Note: Bank Hapoalim Purchasing Managers’ Index. Readings above 50 indicate an improvement in non-oil business conditions while readings below 50 indicate a deterioration.
Source: Bank Hapoalim and IPLMA.


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