Israel PMI March 2021

Israel: Manufacturing PMI remains in contractionary territory in March

The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), dipped from 49.4 in February to 48.6 in March, remaining below the neutral 50-mark and signaling worsening operating conditions in the manufacturing sector. March’s decrease was largely driven by a contraction in output, while exports were in contractionary territory for the fourth straight month. However, domestic demand and employment components improved.

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