Procurement index drops 1.5%

By SHARON WROBEL
February 15, 2007 07:08

D&B pointed out that the January figure was still above the 50%, which is the threshold between economic expansion and contraction, and has been so for 15 consecutive months.




The Procurement Managers Index fell 1.5 percentage points to 54.4% in January from 55.9% in December, according to Dun and Bradstreet's Israel Purchasing and Logistics Managers Association's index. D&B pointed out that the January figure was still above the 50%, which is the threshold between economic expansion and contraction, and has been so for 15 consecutive months. The index's key components expanded for the 23rd consecutive month, despite a drop of 9.7% in manufacturing and demand for workers in the manufacturing sector in January. Demand for products was mixed, with domestic demand for Israeli products falling while overseas demand for Israeli products rose.


Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Israel Weather
  • 6 - 17
    Beer Sheva
    9 - 18
    Tel Aviv - Yafo
  • 6 - 12
    Jerusalem
    8 - 16
    Haifa
  • 11 - 22
    Elat
    9 - 19
    Tiberias