Israel PMI March 2019

Israel

Israel: Manufacturing PMI picks up in March

April 17, 2019

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose from 49.6 in February to 52.2 in March, moving above the neutral 50-point mark separating contraction from expansion in the manufacturing sector.

The change in the headline figure was driven by stronger growth in domestic demand, production and employment. In contrast, exports declined, amid softer momentum in developed economies and ongoing trade tensions.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 4.2% in 2019. For 2020, panelists expect fixed investment to expand 3.8%.


Author:, Economist

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Israel PMI March 2019 0

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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