Israel PMI August 2023

Israel: Manufacturing PMI records worst reading since March 2022 in August

The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) fell to 48.1 in August from July’s 48.3. August’s result marked the weakest reading since March 2022. As such, the index fell further below the 50.0 no-change threshold, signaling a sharper deterioration in manufacturing sector operating conditions compared to the previous month. The PMI has now been below 50.0 for three straight months.

Weaker readings regarding exports and local orders drove the downtick in the headline PMI figure, while readings for employment and output improved slightly. Exports remained the main weak spot for manufacturing firms, as local orders continued to grow in August, albeit at a more moderate pace than in July.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest