Israel: Business confidence remains stable in April
April 7, 2016
The business confidence index elaborated by the Central Bureau of Statistics (CBS) tallied 17.7 in April, thus matching March’s reading and remaining at the highest level on record.
In addition, the consumer confidence index increased from minus 17.3 in February to minus 13.7 in March (the latest month for which data is available), thus marking a multi-year high level. Despite the monthly increase, consumer confidence remains in negative territory.
Author: Dirina Mançellari, Senior Economist