Israel: Manufacturing PMI ticks up in October
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), increased from 53.5 in September to 54.9 in October, the highest reading since December 2018. The index thus moved further above the neutral 50-mark, signaling improving operating conditions for the third straight month. Most components of the index improved in October, although export orders contracted, likely on renewed restrictions abroad.