Israel Economic Sentiment August 2016

Israel

Israel: BoI State of the Economy index inches up in August

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%. The index in August was positively impacted by a higher job vacancy rate, while both exported and imported goods provided a negative contribution, according to the Bank.

On an annual basis, the State of the Economy index rose 2.6% in August, which was slightly down from the 2.7% increase observed in the previous month and marked the lowest reading since May 2015. The annual average variation in the index inched down from 2.8% in July to 2.7% in August.

FocusEconomics Consensus Forecast panelists foresee the economy growing 2.6% in 2016, which is unchanged from last month’s estimate. For 2017, the panel projects that the economy will expand 3.0%.


Author: Marlène Rump, Economist

Sample Report

Looking for forecasts related to Economic Sentiment in Israel? Download a sample report now.

Download

Israel Economic Sentiment Chart


Israel State Economy August 2016

Note: Month-on-month and year-on-year variations in %.
Source: Bank of Israel (BoI) and FocusEconomics calculations.


Israel Economic News

More news

Search form