Israel

Israel Economic Activity February 2018

Israel: Economic activity picks up in February

In February, the Bank of Israel’s (BoI) Composite State of the Economy Index rose 0.36% on a month-on-month basis, accelerating markedly from January’s downwardly-revised 0.23% increase (previously reported: +0.28% month-on-month) and marking the fastest pace of growth since November 2016.

Available external-sector data suggested that February’s pick-up was driven by a sharp rebound in monthly imports of consumer goods and manufacturing supplies. Exports of goods, however, dropped in February and slightly moderated the acceleration. Moreover, lagging data for January showed a strong recovery in the industrial sector and continued weakness in the services industry at the start of the year.

On an annual basis, growth in the index accelerated slightly to 3.5% in February from 3.4% in January.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest