News Briefs

  9/21/2012, Tishrei 5, 5773

Report: Contraction in Industrial Activity

The Purchasing Managers' Index declined 6.7 percent in August to 35.2 percent, according to a Friday report by Kol Yisrael government radio.

The decline in the index was linked to a drop in demand for export, production output and purchases for inventory and employment. Economists at Bank Hapoalim said the economic crisis in Europe affects investment in the local economy.