D&B Israel: Procurement Managers Index - Export demand up domestic demand down

The monthly Procurement Managers Index calculated by D&B Israel and the Israel Purchasing and Logistics Managers Association for September 2005, showed falling domestic demand but rising export demand.
 
The index fell 1.7% in September, indicating slower economic expansion.
 
According to D&B Israel the Procurement Managers Index showed economic expansion for the third consecutive month, however it fell from 57.5% in August to 55.8% in September. D&B Israel noted that the continued expansion indicated for September was mainly due to rising industrial output and export demand. D&B Israel emphasized that the industrial output component of the index rose for the 23rd consecutive month, rising another 1.1% in September to 62.5%.
 
The export demand component rose for the seventh consecutive months, rising a further 1% to 59.1%. However, the domestic demand component fell a sharp 2.9% to 51.1%.
 
The prices component of the procurement index rose for the fourth consecutive month, rising 1.7% to 67%, mostly because of changes in foreign currency rates and rising prices for raw materials.
 
Against the rise in September of the above components, the following components experienced a slowdown: inventory of raw materials from 49.4% in August to 48.2% in September and import delivery times 38.5% in August compared with 41% in September.