Israel's purchasing managers' index (PMI), compiled by Bank Hapoalim and the Israeli Purchasing Managers' Association, rose 7.5 points to 53.3 points in January to move back above the 50 point level that separates manufacturing expansion from contraction, for the first time since mid-2014.
The Purchasing managers' indices are leading indices that can forecast changes in growth trends; these indices draw extensive global coverage and affect financial markets. Indices include the American ISM index, the European PMI index, and the global index published by JPMorgan Chase Bank.
The index is calculated based on the responses to six questions provided by purchasing managers at leading industrial companies in the Israeli economy. The methodology for computing the index is consistent with the prevalent methodology worldwide for the calculation of purchasing managers' indices.
The Israeli index is included in the calculations of the European and global purchasing managers' indices.
