Israel PMI October 2020

Israel

Israel: Manufacturing PMI ticks up in October

November 17, 2020

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), increased from 53.5 in September to 54.9 in October, the highest reading since December 2018. The index thus moved further above the neutral 50-mark, signaling improving operating conditions for the third straight month. Most components of the index improved in October, although export orders contracted, likely on renewed restrictions abroad.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 3.5% in 2021, up 0.1 percentage points from last month’s forecast. For 2022, our panelists expect fixed investment to expand 4.6%.


Author:, Economist

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Israel PMI October 20 20 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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