Israel PMI June 2022

Israel

Israel: Manufacturing PMI increases in June

July 21, 2022

The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) came in at 53.4 in June, up from May's 52.6. June's result marked the best performance since October 2021. Consequently, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in business conditions compared to the previous month.

The headline print reflected faster growth in local demand and output. In contrast, employment growth slowed, while exports contracted.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 6.7% in 2022, down 0.4 percentage points from last month’s forecast. For 2023, our panelists expect fixed investment to expand 4.0%.


Author:, Economist

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Israel PMI June 2022

Note: Bank Hapoalim Purchasing Managers’ Index. Readings above 50 indicate an improvement in manufacturing business conditions while readings below 50 indicate a deterioration.
Source: Bank Hapoalim and IPLMA.


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