Israel PMI May 2019

Israel

Israel: Manufacturing PMI falls in May

June 17, 2019

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 51.9 in April to 50.4 in May, but remained just above the neutral 50-point mark separating contraction from expansion in the manufacturing sector.

The change in the headline figure was driven by a sharp contraction in domestic orders, while export orders continued to fall. The fall in export orders can likely be linked to a more adverse external trading environment, and chimes with soft merchandise trade data in recent months.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 5.2% in 2019. For 2020, panelists expect fixed investment to expand 4.0%.


Author:, Economist

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Israel PMI May 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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