Israel: Manufacturing PMI decreases in June
The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) came in at 52.1 in June, down from May’s 52.9. Consequently, the index remained above the 50.0 no-change mark, pointing to a moderating improvement in manufacturing sector operating conditions from the previous month.
The downtick was due to softer readings for raw material purchasing and local orders, which more than offset stronger readings for exports and employment.