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.
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