New data Manufacturing PMI (Jan)
2/21/2025
actual 46.4, previous 46.7
The event is the Manufacturing PMI (Purchasing Managers' Index) for Israel in January. The actual PMI value reported is 46.4, which is a decrease of 0.3 from the previous value of 46.7. The estimate was 47, indicating that the actual value fell below expectations.A PMI value below 50 typically indicates a contraction in the manufacturing sector, so this lower-than-expected PMI suggests a further slowdown in manufacturing activity in Israel.
Overall, this event is considered to have a low impact on the market, but it provides valuable insight into the health of the manufacturing sector in Israel.
This is not investment advice. Remember to verify the information provided here.
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