Israel: Manufacturing PMI deteriorates in April
The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) came in at 50.9 in April, down from March’s 51.0. Consequently, the index remained above the 50.0 no-change mark, pointing to a continued, albeit moderating, improvement in manufacturing sector operating conditions from the previous month.
The headline print reflected weaker readings for local demand and output, which more than offset stronger readings for exports and employment.