Israel: Manufacturing PMI falls in July
August 18, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 52.7 in June to 52.2 in July, but remained above the neutral 50-point mark separating expansion from contraction in the manufacturing sector.
The fall in the headline figure was driven by weaker domestic demand and employment growth, and lower exports.
Author: Oliver Reynolds, Economist