Israel: Manufacturing PMI hits highest reading since August 2017 in September
The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA, came in at 58.1 in September, up from August’s 54.1. September’s result marked the strongest reading since August 2017. Consequently, the index moved further above the 50-threshold, signaling a faster improvement in business conditions compared to the previous month.
September’s reading was driven by improvements in domestic orders, exports and employment. Meanwhile, cost inflation intensified, likely due to global supply constraints and higher commodity prices.