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  Tishrei 5, 5773 , 21/09/12

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.

Other archived news briefs:Sep 21 2012, 11:14 AM, 9/21/2012