Israel: Manufacturing PMI picks up in July
The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) came in at 48.3 in July, up from June’s 48.2 and similar to the global average. Consequently, the index moved closer to the 50.0 no-change threshold, signaling a softer deterioration in manufacturing sector operating conditions compared to the previous month.
Stronger growth in local orders was largely offset by deeper declines in employment, output and export orders.