Israel PMI September 2022


Israel: Manufacturing PMI rises in September

October 25, 2022

The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) rose to 51.3 in September from August's 49.5. Consequently, the index rose above the 50.0 no-change mark, signaling an improvement in manufacturing sector operating conditions from the previous month.

The headline print reflected stronger growth in local orders, output and employment, while exports contracted at a softer rate than in August. Israel’s manufacturing PMI readings compare favorably to those of other developed economies, likely aided by strong domestic demand and relatively mild energy prices in Israel thanks to the country’s domestic gas production.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 8.9% in 2022, up 0.2 percentage points from last month’s forecast. For 2023, our panelists expect fixed investment to expand 3.1%.

Author:, Economist

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