Israel: Manufacturing PMI rebounds in August
The Manufacturing Purchasing Managers Index (PMI), produced by Bank Hapoalim and the IPLMA came in at 54.1 in August, up from July’s 46.8. Consequently, the index rose above the 50-threshold, signaling an expansion in business conditions from the previous month.
Augusts reading was driven by expansions in domestic orders and production, while exports continued to contract, likely due to ongoing Covid-19 related supply disruptions.