Israel: Manufacturing PMI falls into contractionary territory in January
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), fell from 50.9 in December to 49.5 in January, moving slightly below the neutral 50-mark and signaling worsening operating conditions. January’s decrease was largely driven by weaker momentum in new orders, exports and employment, potentially amid lockdowns abroad.