Israel: Composite State of the Economy Index dips in January
February 23, 2021
The Bank of Israel’s Composite State of the Economy Index slid 0.16% in month-on-month seasonally-adjusted terms in January, which was a deterioration from December's 0.43% increase. January’s reading was likely driven by the third lockdown, which began in late December.
On an annual basis, economic activity dropped 0.5% in January, which was greater than December’s 0.1% fall.
Author: Oliver Reynolds, Economist