Israel PMI January 2021

Israel

Israel: Manufacturing PMI falls into contractionary territory in January

February 17, 2021

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 50.9 in December to 49.5 in January, moving slightly below the neutral 50-mark and signaling worsening operating conditions. January’s decrease was largely driven by weaker momentum in new orders, exports and employment, potentially amid lockdowns abroad.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 4.1% in 2021, up 0.4 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 January 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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