PMI index of the Israel Purchasing Managers Association rose by 3 points to 52.6

Posted on Jul 18, 2018 by Ifi Reporter

The Purchasing Managers Index of Bank Hapoalim and the Israel Purchasing Managers Association for June 2018 rose by 3 points to 52.6 points. The level of the index returned this month to indicate an expansion in activity in the manufacturing industry. The components of the index recorded a mixed trend this month, while the main components of the index, excluding export demand, continue to indicate an expansion in activity.
The components of domestic demand and production output remained unchanged, while the export demand component declined by 4.5 points. The component of purchases to inventory rose this month by 9.25 points, after falling 6.11 points in the previous month, and is in fact the most influential component of the index in the last two months. The global purchasing managers' index, published by JPMorgan, fell slightly in June 2018 to 53 points. The global index has been on a downward trend since the beginning of the year, possibly due to concerns about the war. Even after the decline in recent months the level of the index is high relative to the past.
Most of the global purchasing managers' indices are still expanding, although in several countries, such as Russia and Brazil, the index has indicated a contraction in activity. Bank Hapoalim economists: The Purchasing Managers Index rose this month and again indicated an expansion in activity. Data from the Central Bureau of Statistics point to a trend of an increase in industrial production up to April, while data on manufacturing production in the world still indicate an expansion trend, although at a more moderate rate than at the beginning of the year, Israel may not be directly affected by the war. Mitigating effects on exports.


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