Israel: Manufacturing PMI dips in October
The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA, came in at 55.4 in October, down from September’s 58.1. Consequently, the index remained above the 50-threshold, but signaled a slower improvement in business conditions compared to the previous month.
October’s reading was driven by deteriorations in new exports, finished inventories and raw material inputs. Meanwhile, cost inflation eased somewhat.