Israel: Manufacturing PMI dips in March
Latest reading: The Bank Hapoalim/IPLMA Manufacturing Purchasing Managers’ Index (PMI) came in at 50.2 in March, down from February’s 51.5. As such, the index remained above the 50.0 no-change mark, signaling an improvement in manufacturing sector operating conditions from the previous month.
The dip in the headline print reflected weaker readings for local orders and raw material purchasing.