Israel: Manufacturing PMI ticks up in September
October 20, 2020
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), increased from 53.1 in August to 53.5 in September on faster growth in employment and output. The index thus moved further above the neutral 50-mark, signaling improving operating conditions.FocusEconomics Consensus Forecast participants expect fixed investment to decrease 8.7% in 2020, up 0.1 percentage points from last month’s forecast. For 2021, our panelists expect fixed investment to expand 3.4%, down 1.0 percentage point from last month’s forecast.
Author: Oliver Reynolds, Economist