(MENAFN-Palestine News Network)
Bethlehem / PNN /
The results of the PMA Business Cycle Index (PMABCI) revealed a decline for the third consecutive month of the overall index, from -10.1 points in October to -14.7 points in November. This is due to the rise in the prices of goods and services during this month, and the deterioration in the purchasing power of individuals, especially for those who receive their wages and salaries in currencies other than the shekel. In addition to the government’s statement on the fragile budgetary position, which could lead to cuts in civil servants’ salaries.
As for the West Bank, the overall index fell from 2.5 points in October to -1.3 points in November. More specifically, the manufacturing index fell (from 5.0 points to 1.1 points), followed by the trade index (from -5.0 to -7.5) and the transport and storage index. (from 0.5 to -0.7). While the agricultural index was the only exception, where it increased (from 2.2 to 5.8). The other indices remain relatively stable, the renewable energies index, and IT and communication around 0.0 point, while the construction index stabilizes around -0.1 point.
In general, the companies interviewed in the West Bank reported an increase in the level of production, despite the decline in sales for the same period. Meanwhile, their expectations for the near future were negative for production and employment levels, due to the shortage of skilled labor in some sectors, due to their transition from the local market to the Israeli labor market. , according to the companies.
In the Gaza Strip, the overall index fell from -41.1 points in October to -47.5 points in November. Where the manufacturing index fell (from -2.4 points to -5.0 points) because of the May war, which resulted in the closure of some factories, or not reaching pre-production levels war in others. Decrease in the transport and storage index (from 0.9 to -0.5) due to the end of the government transport program, the drop in the trade index (from -32.5 to -33 , 6), and finally the fall in the agricultural index (from -5.0 to -5.9). However, the remaining indices remained relatively stable around -0.1 point for the renewable energy index, -2.1 points for the construction index and -0.4 point for the IT and communication index.
In general, business owners in the Gaza Strip reported that there was an uneven decline in production and sales levels. While their expectations for the next three months remained negative for production and employment.
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