Israel: Manufacturing PMI rebounds in August
September 16, 2021
The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA came in at 54.1 in August, up from July's 46.8. Consequently, the index rose above the 50-threshold, signaling an expansion in business conditions from the previous month.
August’s reading was driven by expansions in domestic orders and production, while exports continued to contract likely due to ongoing Covid-19 related supply disruptions.
Author: Oliver Reynolds, Economist