Israel: Manufacturing PMI rises to six-month high in April

The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) rose to 51.2 in April from March's 47.4. As a result, the index rose above the 50.0 no-change threshold, signaling an improvement in business conditions from the previous month.

The rise came on the back of an improvement in local demand. In addition, output and exports improved.

FocusEconomics Consensus Forecast participants expect fixed investment to increase 5.1% in 2022, up 0.1 percentage points from last month’s forecast. For 2023, our panelists expect fixed investment to expand 4.0%.