Israel: Manufacturing PMI dips in April
May 19, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 52.2 in March to 51.9 in April, but remained above the neutral 50-point mark separating contraction from expansion in the manufacturing sector.
The change in the headline figure was driven by slower growth in production and employment, and a sharper contraction in export demand. In contrast, domestic demand growth strengthened.
Author: Oliver Reynolds, Economist