Israel Economic Sentiment March 2016


BoI State of the Economy index increases in March

In March, the Bank of Israel (BoI) Composite State of the Economy index increased 0.16% over the previous month, which was down from the 0.24% increase observed in February. According to the Bank, the index in March was positively impacted by an increase in retail trade revenues.

On an annual basis, the State of the Economy index rose 3.3% in March, which was slightly down from February’s 3.4% increase. The annual average variation in the index inched up from 3.2% in February to 3.3% in March, thus hitting the highest level since December 2012.

FocusEconomics Consensus Forecast panelists foresee the economy growing 2.5% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel projects that the economy will expand 3.1%.

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Israel Economic Sentiment Chart

Israel State Economy March 2016

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

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