Israel Manufacturing PMI and Production Index

by Eduardo Petazze
Israel's manufacturing output fell by 7.8% Y/Y (-0.4% M/M), from growth +1.6% Y/Y (+0.35% Q/Q) in 1Q2014
The Central Bureau of Statistics of Israel publishes monthly data on Manufacturing Production and Employment in the industry.
The following is a summary
Indices of Employee Jobs in Mfg.
Manufacturing Production Index
2011=100
Mfg. PMI
NSA
Y/Y
SA
M/M
NSA
Y/Y
SA
M/M
2011
100.0
1.8%
100.0
1.8%
100.0
2.2%
100.6
2.5%
49.2
2012
100.7
0.7%
100.7
0.7%
104.7
4.7%
105.0
4.4%
43.3
2013
101.0
0.2%
101.0
0.2%
103.6
-1.0%
103.6
-1.3%
48.1
2014
100.8
-0.1%
100.8
-0.1%
102.6
-1.0%
102.6
-1.0%
Own estimate
2012-09
100.2
-0.5%
100.4
0.0%
101.1
1.3%
109.5
-4.0%
38.0
2012-10
100.7
0.7%
100.6
0.2%
100.9
7.1%
105.7
-3.5%
37.6
2012-11
100.7
0.4%
100.7
0.1%
109.7
6.1%
108.5
2.6%
43.7
2012-12
100.7
0.3%
100.7
0.0%
107.6
0.3%
99.8
-8.0%
44.1
2013-01
100.4
-0.2%
100.7
0.0%
103.8
2.4%
103.3
3.5%
49.3
2013-02
100.5
-0.2%
100.7
0.0%
101.0
5.1%
106.3
2.9%
53.6
2013-03
100.5
-0.3%
100.7
0.0%
102.2
-1.8%
105.5
-0.8%
51.8
2013-04
100.6
0.4%
101.2
0.5%
98.6
0.6%
103.6
-1.8%
50.8
2013-05
100.7
0.2%
101.0
-0.2%
102.3
-6.8%
102.5
-1.1%
47.1
2013-06
100.8
0.1%
100.9
-0.1%
105.9
-1.5%
102.2
-0.3%
46.0
2013-07
101.9
0.5%
101.0
0.1%
109.3
-1.5%
103.2
1.0%
47.6
2013-08
101.7
0.3%
100.8
-0.2%
95.3
-12.9%
99.7
-3.4%
47.6
2013-09
100.5
0.3%
100.7
-0.1%
92.5
-8.5%
101.3
1.6%
44.9
2013-10
101.3
0.6%
101.2
0.5%
110.2
9.2%
105.2
3.8%
46.6
2013-11
101.3
0.6%
101.3
0.1%
104.8
-4.5%
104.4
-0.8%
44.5
2013-12
101.3
0.6%
101.2
-0.1%
117.8
9.5%
106.3
1.8%
46.8
2014-01
100.6
0.2%
100.9
-0.3%
101.3
-2.4%
105.1
-1.1%
49.5
2014-02
100.6
0.1%
100.9
0.0%
104.8
3.8%
109.9
4.6%
50.0
2014-03
100.6
0.1%
100.7
-0.2%
105.9
3.6%
102.0
-7.2%
48.9
2014-04
99.8
-0.8%
100.3
-0.4%
90.9
-7.8%
101.6
-0.4%
51.4
2014-05
100.3
-0.4%
100.7
0.4%
102.7
0.4%
100.3
-1.3%
55.6
2014-06
100.7
-0.1%
100.8
0.1%
105.1
-0.8%
100.3
-0.0%
2014-07
101.8
-0.1%
100.9
0.1%
106.8
-2.3%
102.0
1.7%
2014-08
101.8
0.1%
100.8
-0.1%
97.1
1.9%
99.5
-2.5%
2014-09
100.5
0.0%
100.7
-0.1%
92.7
0.3%
98.7
-0.8%
Last data
Also see:
Israel GDP 1Q2014
Revenue Indices of Total Economy
The Israeli Purchasing and Logistics Managers Association and the Bank Hapoalim monthly releases data on the purchasing managers' index (PMI)

PMI Indicator Detail 2012/2014

Israel - Purchasing Managers Indicator (PMI)
Months

PMI

Trend

Domestic
New orders

X New
orders

Production

Employee

Jan-12
36.3
39.9
31.8
38.2
35.5
35.2
Feb12
44.5
42.1
41.3
43.3
49.6
41.7
Mar12
46.3
45.3
43.8
44.6
48.7
48.2
Apr12
53.2
48.2
45.1
49.7
66.6
56.3
May12
51.0
50.5
44.6
54.3
56.0
53.4
Jun-12
47.8
46.8
42.6
47.9
53.9
45.6
July12
41.9
44.6
36.5
43.3
46.9
39.6
Aug-12
35.2
39.9
33.1
30.3
37.4
34.8
Sep-12
38.0
38.9
34.9
34.2
43.8
38.5
Oct-12
37.6
38.6
37.0
33.4
40.5
37.1
Nov-12
43.7
40.3
37.1
46.5
49.5
40.3
Dec-12
44.1
42.0
47.8
40.6
45.7
49.8
Jan-13
49.3
46.3
49.3
52.3
50.9
58.2
Feb-13
53.6
50.4
48.3
54.2
58.5
55.2
Mar-13
51.8
51.2
52.8
49.6
51.5
57.7
Apr-13
50.8
52.0
49.3
51.0
56.6
48.3
May-13
47.1
50.2
49.5
46.5
46.5
47.2
Jun-13
46.0
48.8
45.6
43.9
52.9
47.3
Jul-13
47.6
48.0
44.1
50.6
52.1
47.9
Aug-13
47.6
47.3
44.6
50.3
50.9
49.3
Sep-13
44.9
45.1
40.1
47.1
51.8
44.3
Oct-13
46.6
45.8
49.7
42.8
51.4
40.0
Nov-13
44.5
44.9
46.3
37.9
52.0
42.0
Dec-13
46.8
45.2
45.3
40.9
55.2
52.8
Jan-14
49.5
48.2
46.0
48.6
52.7
46.5
Feb-14
50.0
49.4
48.9
51.3
50.7
40.2
Mar-14
48.9
48.7
43.2
50.3
54.7
49.3
Apr-14
51.4
51.5
51.6
50.4
54.0
53.6
Change
2.5
2.8
8.4
0.1
-0.7
4.3
Direction
Expanding Expanding Expanding Expanding Expanding Expanding
Rate of
from
from
from
from
faster
slower
Change
contracting contracting contracting
contracting
Months
1
1
1
3
11
1
Last data
Links:
May 2014 PMI
April 2014 PMI
Purchasing Managers (PMI) Index -March 2014
Upturn in PMI for February 2104 pdf, 2 pages
January 2014 (Hebrew) pdf, 2 pages
December 2013 Manufacturing PMI pdf - Hebrew, 2 pages

Raw-material Finished
prices
inventory
48.5
44.4
61.3
43.2
60.9
48.6
63.3
55.2
57.6
54.2
43.1
46.7
55.1
46.5
66.2
46.6
53.2
35.3
56.3
43.2
46.8
39.2
43.5
38.6
57.7
53.6
53.1
48.6
42.9
47.7
44.7
44.5
48.9
44.0
52.4
37.9
50.0
46.0
50.0
46.7
46.5
47.7
45.1
51.4
50.0
52.5
52.4
44.3
50.0
52.1
52.6
49.7
48.7
48.3
48.0
58.6
-0.7
10.3
Decreasing Increasing
from
faster
decreasing
2
1

Raw
Imports
Domestic
Inventory
materials
Delivery Delivery
Purchases
stock
Time
Time
42.4
32.9
47.0
52.4
49.5
41.6
45.5
48.9
52.3
46.7
43.7
52.9
56.5
51.5
42.7
50.7
53.2
48.3
47.6
50.3
46.8
42.3
54.8
51.4
44.9
35.4
50.4
48.1
43.0
29.8
45.7
61.3
39.6
28.7
50.6
54.1
37.5
32.0
48.5
52.7
33.5
36.6
48.0
51.4
33.2
37.7
44.6
47.2
42.1
42.4
47.3
42.6
54.7
56.5
46.8
46.3
40.2
56.5
45.7
44.3
40.9
43.3
51.5
51.3
44.8
42.0
52.4
51.4
43.8
35.5
50.4
48.0
49.9
39.9
46.6
50.5
40.8
43.6
41.9
48.7
46.2
37.4
44.6
44.7
45.8
38.6
53.1
49.6
51.9
40.4
38.8
48.8
48.0
40.4
46.8
51.1
47.2
50.7
50.0
53.1
41.9
47.8
46.1
53.5
47.4
43.5
49.6
54.6
46.8
46.5
54.4
53.3
-0.6
3.0
4.8
-1.3
Decreasing Contracting Increasing Increasing
from
faster
slower
slower
decreasing
5
3
1
5