PMI back up to 59% in November

Israel's purchasing managers index rose more than 10 percentage points to 59% in November, after falling to 48.6% in October from 55.8% in September, Dun & Bradstreet Israel said Wednesday, attributing the fluctuation to the holiday period.

Israel's purchasing managers index rose more than 10 percentage points to 59% in November, after falling to 48.6% in October from 55.8% in September, Dun & Bradstreet Israel said Wednesday, attributing the fluctuation to the holiday period. Values above 50% indicate growth in Israel's production market, while any drop beneath 50% indicates a slowdown. The renewed growth trend seen was influenced primarily by rises in production output and employment. Export demand grew 7.9 points to 61.5%, its highest value in the past year.