Israel: Manufacturing PMI picks up in March
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose from 49.6 in February to 52.2 in March, moving above the neutral 50-point mark separating contraction from expansion in the manufacturing sector.
The change in the headline figure was driven by stronger growth in domestic demand, production and employment. In contrast, exports declined, amid softer momentum in developed economies and ongoing trade tensions.