Israel

Israel PMI May 2021

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.

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