February PMI index drops to 53.4%

Industrial activity in February slipped again as the Purchases Managers Index (PMI) dropped percentage point to 53.4% after a 1.5-point drop in January research company Dun & Bradstreet Israel said Thursday.

By SHARON WROBEL
March 15, 2007 07:05

Industrial activity in February slipped again as the Purchases Managers Index (PMI) dropped percentage point to 53.4% after a 1.5-point drop in January research company Dun & Bradstreet Israel said Thursday. Still, PMI values above 50% reflect growth, and D&B economists said they expected productivity to continue to grow and the economy to expand throughout the next couple of months, given that the central components in the index expanded during February. The index's employment element fell by a moderate 2.6 percentage points to 55.9%, after dropping 7.8 points in the previous month. The domestic demand component of the index rose 1.7 percentage points to 53.6%.


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