Israel: Manufacturing PMI remains in contractionary territory in February
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), dipped from 49.5 in January to 49.4 in February, remaining below the neutral 50-mark and signaling worsening operating conditions. February’s decrease was largely driven by weaker momentum in output and employment, while new exports continued to contract, albeit at a milder pace than in January.