Israel PMI September 2020

Israel

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:, Economist

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Israel PMI September 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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