Israel Economic Sentiment


Both businesses and consumers more confident in June

The business confidence index elaborated by the Central Bureau of Statistics (CBS) rose from 1.6 in May to 4.5 in June, thus reaching the highest level in a year. According to the CBS, June’s increase was due to an improvement in the majority of the sub-components that comprise the index.

In addition, the consumer confidence index rose from minus 22.4 in May to minus 17.7 in June, thus recovering from the lowest value in four months.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 0.7% in 2015, which is unchanged from last month’s projection. For 2016, the panel sees fixed investment growing 1.4%. Panelists expect private consumption to grow 2.6% in 2015, which is unchanged from last month’s estimate. The panel expects private consumption to grow 3.0% in 2016.

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Israel Economic Sentiment Chart

Israel Economic Sentiment June 2015 0

Note: Business and Consumer Confidence Indicators.
Source: Central Bureau of Statistics (CBS).

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