September domestic demand jumps

The Purchase Managers Index rose 8.7 percentage points from the previous month to 65.2% in September led by a 16-percentage point jump in the domestic demand component to 71.4%, Dun & Bradstreet Israel said Tuesday. Any value above 50% indicates growth.

By DANIEL KENNEMER
October 18, 2006 06:55

The Purchase Managers Index rose 8.7 percentage points from the previous month to 65.2% in September led by a 16-percentage point jump in the domestic demand component to 71.4%, Dun & Bradstreet Israel said Tuesday. Any value above 50% indicates growth. The figures reflect "significant expansion of Israel's productive sector" and the continued improvement of the Israeli economy following the return to calm after the war in the North and the return to a full work schedule after summer break, D&B said, adding that the trend should continue. Industrial output rose to 74.3% in September from 66.2% in August, completing a 20-point rise over recent months, while employment grew to 67.5% from 58.9% and export demand rose to 63.8% from 59.5%.


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