Israel PMI November 2020

Israel

Israel: Manufacturing PMI rises in November

December 20, 2020

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), increased from 54.9 in October to 57.1 in November, the highest reading since July 2018. The index thus moved further above the neutral 50-mark, signaling improving operating conditions for the fourth straight month. November’s increase was largely driven by stronger new orders growth.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 3.4% in 2021, down 0.1 percentage points from last month’s forecast. For 2022, our panelists expect fixed investment to expand 4.7%.


Author:, Economist

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Israel PMI November 20 20

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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