The Israel Purchasing Managers Index fell 0.6 points to 58.5 points in January 2011, but still above the 50% dividing line between economic expansion and contraction for the sixth consecutive month. The expansion is supported by steady growth in domestic and export demand.
The index's jobs component rose by 7.5 points in January, after falling sharply in November. The raw materials component rose 12.1 points to a high of 82.6 points.
The Israel Purchasing Managers Index is compiled by Bank Hapoalim and the Israel Purchasing and Logistics Managers Association. Bank Hapoalim said that the index's stability in January indicated expectations of further expansion in manufacturing output, in line with other countries in the world.
The JPMorgan Global PMI (Purchasing Managers Index) rose to 57.2 points in January, one of its highest ever levels. The index is above the 50% dividing line for the 19th consecutive month. All the countries covered by the index are showing expanded manufacturing activity. The index is at peak levels in Germany, the UK, Italy, and other European countries, and the US index, at 60.8 points, is at a six-year high.
Published by Globes [online], Israel business news - www.globes-online.com - on February 15, 2011
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