Israel: Manufacturing PMI ticks up in October
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose to 51.8 in October from 50.3 in September, moving further above the neutral 50-mark separating expansion from contraction in the manufacturing sector.
The rise in the headline figure was driven by a softer contraction in exports and a rebound in employment, which economists at Bank Hapoalim argued could be linked to recent progress on the U.S.-China trade war front.