PMI slipped to 63.8 in December 2009 from a record high of 68.8 in November 2009
Bank Hapoalim and the Israeli Purchasing Managers Association said last Sunday that Israel's purchasing managers index (PMI) slipped to 63.8 in December 2009 from a record high of 68.8 in November 2009.
The PMI posted its seventh straight month above 50, indicating expectations of expansion of manufacturing activity.
Most of the index components declined in December, but their level still indicates a rise in domestic and overseas demands, as well as intentions to increase hiring,' the report said.
December 2009November 2009 Change (index pts)
PMI 63.8 68.8 -5
New orders- domestic 62.0 70.8 -8.8
New orders - exports 62.5 74.9 -12.4
Production 70.7 71.3 -0.6
Employment 66.2 71.8 -5.6
Raw materials prices 58.7 46.9 +11.8
Inventory - raw materials55.8 52.4 +3.4
Inventory - finished goods 46.4 47.8 -1.4
Supplier delivery time - imports 40.0 36.4 +3.6
Supplier delivery time - domestic47.8 49.0 -1.2
The JPMorgan Global Manufacturing PMI - a composite indicator produced by JPMorgan and NTC in association with ISM and IFPMM and designed to provide an overall view of global manufacturing conditions, rose to a 44-month high in December, to 55.0 from 53.7.New orders rose to 58.6 from 56.7, the highest in five and a half years.
Israel's December purchasing managers index down 5 pts
PMI slipped to 63.8 in December 2009 from a record high of 68.8 in November 2009
25.01.10 / 00:00
•
More articles that may interest you
Israel pushing for free trade pact with India
ISC: Shippers object congestion surcharges
Bank of Israel ups GDP forecast for 2010 to 3.5%
bmi ends flight to Israel, last flight left last week
Israel's trade deficit in 2009 lowest since 1990
Israel 2009 foreign tourism down 9.7%, first drop since 2002
More news from Industry & Trade Section
>Israeli exporters offered NIS 1b in guarantees/11.01.10
>Israel vehicle importers association: 172,715 vehicles delivered in 2009/11.01.10
>CBS: Israel's population at 2010 is 7.5m/04.01.10
>Value-Added Tax (VAT) reduced by 0.5% to 16%/04.01.10
>Israel's economic growth in 2009 beats even optimistic forecast/04.01.10
>Israel's Central bank raises key interest rate 25 BPs to 1.25%/04.01.10
>FICC: Exports of services dropped 11%/28.12.09
>CBS: Israel industrial output up 2.3% in October/28.12.09
>Steinitz: Israel may beat growth and deficit estimates/28.12.09
>Israel, Taiwan signed agreement on avoidance of double taxation/21.12.09