PMI index climbs in December

PMIPurchasing Managers Index rose by 2.6 percentage points during the month of December compared with the previous month on the back strong demand for Israeli products in Israel and abroad, D&B Israel reported.

The Israel Purchasing Managers Index rose by 2.6 percentage points during the month of December compared with the previous month on the back strong demand for Israeli products in Israel and abroad, Dun & Bradstreet Israel reported on Tuesday. Economists at D&B Israel who compile the index attributed the increase in its value from 53.3% in November to 55.9% in December to the significant boost in production levels, which rose from 57.8% to 64.9% during the same period. At the same time demand for exports grew from 53.1% to 55.5%, while domestic demand was also up from 53.5% to 55.7%. In addition, the report showed that the employment component of the index fell from 66.3% to 60.9%.