Israel PMI November 2019

Israel: Manufacturing PMI rises again in November on stronger external sector

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose to 52.8 in November from 51.8 in October, moving further above the neutral 50-mark separating expansion from contraction in the manufacturing sector.

The rise in the headline figure was driven chiefly by a rebound in new exports, which economists at Bank Hapoalim argued could be linked to recent progress on the U.S.-China trade war front. In contrast, local demand growth softened, while employment contracted.

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