Israel Economic Outlook
October 3, 2017Revised data confirmed that the Israeli economy grew at a much higher rate in Q2 compared to the previous quarter, despite a slight downward revision to the initial estimate. The expansion was driven by solid growth in private consumption and fixed investment; exports, however, contracted sharply. Indicators for the third quarter show that the economy is continuing its solid performance: Unemployment fell in July, which bodes well for private consumption, while in August business confidence remained high and the State of the Economy index rose again. In early September, Benjamin Netanyahu’s cabinet approved a five-year USD 32.4 billion infrastructure plan. The plan is aimed at increasing productivity and the growth potential of the economy.
Israel Economy Data
5 years of Israel economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.92||1.60 %||Oct 18|
|Exchange Rate||3.51||0.14 %||Oct 18|
|Stock Market||1,322||0.42 %||Oct 18|
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Israel Economic Growth
October 3, 2017Solid private consumption, supported by a tight labor market and accommodative monetary policy, and fixed investment are expected to drive growth this year and the next. A potential flare-up in the Israel-Palestine conflict and a tight housing market present risks to the downside. FocusEconomics panelists expect growth of 3.3% in 2017. For 2018, the panel projects GDP growth will be 3.4%, down 0.1 percentage points from last month.
Israel Economic News
September 25, 2017
In August, the Bank of Israel’s (BoI) Composite State of the Economy index rose 0.31% on a monthly basis, slightly above the previous month’s revised 0.22% expansion (previously reported: +0.24% month-on-month).
September 17, 2017
A second release confirmed that the Israeli economy shifted into a higher gear in the second quarter, albeit at a more moderate pace that initially estimated.
September 15, 2017
Consumer prices increased 0.3% in August on a monthly basis, up from the previous month’s 0.1% decrease and matching market expectations.
September 13, 2017
Exports rebounded from two consecutive monthly drops to log annual growth of 12.0% in August, according to the Central Bureau of Statistics (CBS).
September 11, 2017
The Central Bureau of Statistics’ (CBS) consumer confidence index rose from minus 13.1 points in July to minus 10.6 points in August.