Israel Economic Activity January 2021

Israel: Composite State of the Economy Index dips in January

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.

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