Israel PMI December 2021

Israel

Israel: Manufacturing PMI records worst reading since July in December

January 18, 2022

The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) fell to 47.8 in December from November's 50.3. December's result marked the worst reading since July. Consequently, the index dropped below the 50-threshold, signaling a deterioration in business conditions from the previous month.

December’s reading was due largely to a contraction in output and softer growth in purchasing activity. Moreover, employment growth eased somewhat.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 4.4% in 2022, unchanged from last month’s forecast. For 2023, our panelists expect fixed investment to expand 4.1%.


Author:, Economist

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Israel PMI December 2021 0

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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