The PMA Business Cycle Index: Massive Drop In The West Bank And Collapse In The Gaza Strip
Date
9/30/2024 11:25:28 PM
(MENAFN- Palestine News Network )
Bethlehem /PNN /
The results of the Palestine Monetary Authority Business Cycle index (PMABCI) today revealed a deterioration in the overall index in Palestine during October, recording –38.6 points compared to 1.8 points in September, due to the devastating Israeli attack on the Gaza strip.
The overall index in West bank declined from 4.8 points in September to -26.7 points in October, due to a sharp decrease in all sub-indices. Hence, the manufacturing index declined (from 4.2 to -6.6), the Agriculture index (from -2.2 to -5.3), the construction index (from 0.2 to -3.6), the trade index (from 0.9 to -8.3), the renewable energy index (from 0.2 to -0.7), the transport and storage index (from 0.9 to -1.9), and the IT and communications index from (0.5 to -0.2).
Firms' owners in the West Bank indicated a decrease in production, sales, and inventory levels. Furthermore, their expectations were negative about production and employment levels for the next three months.
In the Gaza Strip, the unprecedented Israeli military attack resulted in a devastating and catastrophic tragedy and has paralyzed life in all its aspects in the Gaza Strip. According to estimates, the overall index for the Gaza Strip is expected to deteriorate to about -100 in October, compared to -13.6 in September.
MENAFN30092024000205011050ID1108732440
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.