Production up for 8th straight month

The index's employment element rose 1.4 points to 63.8%, indicating that demand for workers in the production sector continued to grow for roughly two-and-a-half years straight.

By AVI KRAWITZ
July 13, 2006 07:28

Israel's production sector expanded for the eighth straight month in June as the purchasing managers index closed the period with a reading of 54.3 percent, Dun & Bradstreet Israel said Wednesday. Values above 50% on the index indicate growth in the production market and stayed above that threshold in June dropping 0.4 percentage points from 54.7% the previous month. The drop was caused primarily by a decrease in local demand to 49% from 52.2% in May, while export demand rose 2.1% to 58.5% and production outputs increased 2% to 62.4%. The index's employment element rose 1.4 points to 63.8%, indicating that demand for workers in the production sector continued to grow for roughly two-and-a-half years straight.


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