Israel: Manufacturing PMI increases in June
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.