Israel Economic Outlook
October 4, 2016Israel’s second quarter growth was revised up to 4.0% in seasonally-adjusted annualized terms, from the 3.7% previously reported. According to the new numbers published by the Central Bureau of Statistics, private consumption grew at an impressive double-digit rate and government spending was also healthy, while the external sector dragged on the expansion, mainly due to surging imports. Imports have been buttressed by a favorable labor market and increased purchasing power, thanks to a relatively strong shekel. Since Q2, economic activity appears to have moderated slightly. In August, both business and consumer confidence edged down and although exports rebounded from their annual fall, they remain weak. Nonetheless, the healthy growth in H1 prompted the Central Bank to upgrade its growth forecast for this year.
Israel Economy Data
5 years of Israel economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||2.04||0.19 %||Oct 20|
|Exchange Rate||3.84||0.42 %||Oct 20|
|Stock Market||1,251||0.06 %||Oct 20|
Israel Economic Growth
October 4, 2016Expansionary fiscal and monetary stimulus as well as low unemployment will continue to support growth this year. FocusEconomics panelists expect the economy to grow 2.7% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, the panel forecasts that GDP will expand 3.2%.
Israel Economic News
October 14, 2016
In September, consumer prices decreased 0.1% from the previous month.
October 14, 2016
The business confidence index produced by the Central Bureau of Statistics (CBS) came in at 19.2 in September, which was above the previous month’s reading of 18.2 points and marked the highest print on record.
September 26, 2016
At its 26 September monetary policy meeting, the Bank of Israel (BoI) decided to leave the policy rate unchanged at 0.10%, in line with market expectations.
September 22, 2016
In August, the Bank of Israel (BoI) Composite State of the Economy index increased 0.17% over the previous month, which was slightly above July’s reading of 0.15%.
September 15, 2016
In August, consumer prices decreased 0.3% over the previous month.