Israel Economic Sentiment December 2015


Business confidence soars in January

The business confidence index elaborated by the Central Bureau of Statistics (CBS) soared from 1.3 in December to 15.8 in January, thus hitting a record high. According to the CBS, January’s significant improvement was due to an increase in all of the sub-components that comprise the index.

In addition, the consumer confidence index increased from minus 19.1 in November to minus 17.5 in December (the latest month for which data is available), thus marking the highest reading in 10 months. Despite the monthly increase, consumer confidence remains in negative territory.

FocusEconomics Consensus Forecast panelists expect fixed investment to contract 4.4% in 2016, which is down 0.7 percentage points from last month’s projection. For 2017, the panel sees fixed investment growing 4.9%. Panelists expect private consumption to grow 3.4% in 2016, which is unchanged from last month’s estimate. The panel expects private consumption to grow 3.6% in 2017.

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Israel Economic Sentiment Chart

Israel Economic Sentiment January 2016

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

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