Israel: Manufacturing PMI picks up in May
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose from 52.6 in April to 56.1 in May. Consequently, the index rose further above the 50-threshold, signaling a stronger improvement in business conditions from the previous month.
May’s reading was driven by faster new orders growth as restrictions in many developed markets were eased.