Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

The PMA Business Cycle Index (PMABCI) –October 2021

11/03/2021 | 06:55am EST
/ Wednesday, November 3, 2021
/ Categories: PMA, Statistics
The PMA Business Cycle Index (PMABCI) -October 2021 Declined in both West Bank and Gaza Strip

The results of the PMA Business Cycle Index (PMABCI) revealed a drop in the overall index, from -5.3point in September to -10.1 point during October after the decrease in both West Bank and Gaza Strip, due to the expected slowdown in the economic activities, and the increase in the inflation rate that negatively affected the purchasing power of individuals.

As for West Bank, the overall index decreased from 7.1 points in September to 2.5 points in October. This was headed by the drop in agricultural index (from 7.2 to 2.2) and trade index (from -2.1 to -5.0). As well as a decline in the construction index (from 0.3 to -0.3) and transport and storage index (from 1.1 to 0.5). However, the manufacturing index was the only exception, which increased (from 0.2 to 5.0). The remaining indices stayed relatively stable, at 0.1 point for the IT and communication index, and 0.0 point for the renewable energy index.

In general, surveyed firms in the West Bank pointed to an increase in production level compared to a decline in sales for the same period, which led to an increase in the accumulated inventory. In the meantime, the expected weak economic performance negatively affects their expectations for the near future for both; production and employment levels.

In Gaza Strip, the overall index dropped from -34.5 in September to -41.1 in October, due to the delayed reconstruction process and the weak purchasing power compared to the previous month. Hence, this downward trend was led by the fall in trade index (from -27.1 to -32.5), accompanied by the decrease in the agricultural index (from -3.5 to -5.0) and manufacturing index (from -1.7 to -2.4). However, the remaining indices stayed relatively stable around -0.1 to renewable energy index, -2.2 to construction index, and 0.1 to IT and communication index.

In the meanwhile, firms' owners in Gaza Strip indicate that production and sales increased by the same level, which stabilize the accumulated inventory. As a result, their expectation for production in the next three months was negative, while the expectation for employment level was close to their previous level.

Previous ArticleUnder the Auspices and Participation of the Governor of Palestine Monetary Authority, MEPS Launches Electronic Payment Gateway
Print
2

Disclaimer

Palestine Monetary Authority published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 11:54:07 UTC.


ę Publicnow 2021
Latest news "Companies"
12:46aEMEA MORNING BRIEFING : Fed Rate Path Fears to Hit -2-
DJ
12:46aEMEA MORNING BRIEFING : Fed Rate Path Fears to Hit Stocks Hard
DJ
12:39aFULLCAST : Corporate Governance Report
PU
12:39aMIZUHO FINANCIAL : recognized in the 2022 Bloomberg Gender-Equality Index
PU
12:39a1414 DEGREES : Appendix 4C & Quarterly Activity Report
PU
12:39aHANG LUNG PROPERTIES : Rental Revenue Surges Driven by Robust Performance of Luxury Malls in Mainland China Read more
PU
12:38aLME base metals mostly lower as hawkish Fed signal lifts dollar
RE
12:36aBullish bets on china's yuan at highest since june…
RE
12:36aInvestors long on singapore dollar for first time s…
RE
12:36aSamsung Elec targets smartphone growth in 2022, sees solid chip demand
RE
Latest news "Companies"