Israel PMI February 2023

Israel: Manufacturing PMI falls in February

The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) came in at 52.3 in February, down from January’s 53.9. As such, the index remained above the 50.0 no-change mark, pointing to a softer improvement in manufacturing sector operating conditions from the previous month.

The headline print reflected the exports and employment subsectors slipping into contraction. Moreover, output and new orders growth slowed.

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