January PMI jumps to near 50-point level - Israel Business, Ynetnews
 
ynetnews
web


   Israel News

Israel News
World News
Israel Opinion
Jewish
Israel Business
Israel Culture
Israel Travel
Manufacturing Industry

'Significant improvement in employment and export orders'
'Significant improvement in employment and export orders' 
 
 

January PMI jumps to near 50-point level

Purchasing managers' index rises 5.2 points to 49.3 points, just below level that separates manufacturing expansion from contraction

Reuters
Published: 02.25.13, 06:37 / Israel Business

Israel's purchasing managers' index (PMI) rose 5.2 points to 49.3 points in January, just below the 50-point level that separates manufacturing expansion from contraction.

 

The PMI has been below 50 for eight months.

 

Warning
Manufacturers: Israeli exports declining  / Navit Zommer
Industrial exports drop 5% in October-November, leading to cumulative decline of 9% since beginning of 2012
Full story

"Most of the components of the index rose last month and crossed above the 50-point mark," the report said, citing significant improvement in employment and export orders.

 

The PMI had jumped to 53.2 points in April, crossing the 50-point threshold for the first time since last October, but the index then fell for four straight months to a three-year low in August.

 

The PMI index, compiled by Bank Hapoalim and the Israeli Purchasing Managers' Association, had reached a high of 59.1 in December 2010.

 

The PMI hit a low of 28.5 in January 2009.

 

Israel's economy grew 3.2% in 2012 and is expected to grow 2.8% in 2013, excluding natural gas production.

 

The Bank of Israel has cited the low level of the PMI as one reason for lowering short-term interest rates in recent months.

 

 

commentcomment   PrintPrint  Send to friendSend to friend   
Tag with Del.icio.us Bookmark to del.icio.us




 

RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions

 
פיקוד העורף התרעה במרחב:
    למציאת מרחב ההתגוננות האישי שלכם »
    פיקוד העורף מזכיר: יש לחכות 10 דקות במרחב המוגן לפני שיוצאים החוצה
    רשימת יישובים במרחב