The Purchasing Managers’ Index of Bank Hapoalim and the Purchasing Managers’ Organization decreased in January by 0.3 points to a level of 9.53 points. This is the second month that the index is in an expanding trend, albeit a trend
The expansion has slowed down. The main components of the index decreased this month but are still higher than 50 points. The employment component, which increased this month by 2.3 points, moved to indicate expansion after two months of contraction.
The Global Purchasing Managers’ Index, published by a bank JPMorgan , rose in January to a level of 1.49 points from a level of 7.48 points. In the US the index ofISM fell to the level of 4.47 points from 4.48 points. The Purchasing Managers’ Index in the Eurozone rose to a level of 8.48 points, but it continues to point to a contraction. China Purchasing Managers Index Caixin It rose to a level of 2.49 points from 0.49 points the previous month, and it has been below the 50-point level for six consecutive months.
Bank Hapoalim economists: The expansion trend in Israel is surprising to some extent in light of the contraction in the world, but it is supported by the industrial production data for the months of November and December, published by the CBS, which also indicated an increase in industrial production and the industry’s revenue at constant prices. The industrial sector in Israel was not affected by the sharp increase In energy prices, similar to its counterparts in the world, and local demands remain high. The domestic orders component indicates an expansion for the past ten months. In the last two months, the export orders component is slightly higher than 50 points, a figure that may signal the halting of the decline currently registered in industrial exports.