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Bethel Finance news:
The Israel Purchasing Managers Index, compiled by Bank Hapoalim and the Israel Purchasing and Logistics Managers Association, fell by 6.9 points in November 2011 to 43.8 points. The index fell below the 50-point dividing line between economic expansion and contraction.
The index's domestic demand component fell 10.3 points to below the 50-point dividing line, and the export demand component remained below the line. Employment continued to fall, and remained below the dividing line for the fourth consecutive month. For the first time in two years, the raw materials prices component fell.
The JPMorgan Global Purchasing Managers Index fell further in November, reaching 49.6 points. The US Purchasing Managers Index rose to 52.7%, but the indices for most other countries and regions, including Europe and China showed economic contraction.
Bank Hapoalim said, "Trend figures have indicated a contraction in industrial activity for four months. The export and employment components have been below the 50-point level for months, and while the domestic demand component has been more volatile, it fall sharply in November and close to the dividing line between economic expansion and contraction."
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