Industrial activity in June rose as the Purchasing Managers' Index (PMI) rose 4.1 percentage points to 57.6% from 53.5%, research company Dun & Bradstreet Israel reported on Sunday.
According to the D&B survey, over the month of June, purchases of Israeli-manufactured products rose to 60.3% from 52% in May and manufacturing yields rose 5.4 percentage points 64.8%. D&B Israel economists noted in their report that over the course of the month, the price of manufacturing materials dropped significantly leading to a rise in purchase requests from local industrialists. The drop in prices is expected to lead to an increase in purchases in July as well, said D&B.
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