Bank Hapoalim’s Purchasing Managers Index recorded a decrease of 4.6 points in November

by time news

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The purchasing managers’ index of Bank Hapoalim and the purchasing managers’ organization decreased in November by 4.6 points, to a level of 49 points. The index generally reflects the public’s expectations for future economic trends. Bank Hapoalim economists explain that the current trend, of economic contraction, is mainly due to the decline in industrial activity. Israel’s index in November reflects a decrease in export orders, mainly due to the decrease in global economic activity, especially in Europe – the largest trading partner of the local industry.

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20/12/2022 12:12

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