Israel: Manufacturing PMI picks up in April
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), came in at 52.6 in April, up from March’s 48.6. Consequently, the index rose above the 50-threshold, signaling an improvement in business conditions from the previous month.
April’s reading was driven by growth in exports and output, and was likely supported by reviving activity abroad.