Israel Economic Activity January 2021


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.

FocusEconomics analysts see the economy expanding 4.7% in 2021, up 0.4 percentage points from last month’s forecast, before growing 4.1% in 2022.

Author:, Economist

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Israel Economic Activity Chart

Israel State of Economy January 2021

Note: Month-on-month and year-on-year variations in %.
Source: Bank of Israel (BoI) and FocusEconomics calculations.

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