Israel PMI June 2019

Israel

Israel: Manufacturing PMI picks up in June

July 21, 2019

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose from 50.4 in May to 52.7 in June, moving further above the neutral 50-point mark separating expansion from contraction in the manufacturing sector.

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

FocusEconomics Consensus Forecast participants expect fixed investment to increase 5.0% in 2019. For 2020, panelists expect fixed investment to expand 3.9%.


Author:, Economist

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Israel PMI June 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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