Israel

Israel Economic Activity March 2023

Israel: Composite State of the Economy Index expands at quickest pace in six months in March

The Bank of Israel’s Composite State of the Economy Index rose 0.30% month-on-month in seasonally-adjusted terms in March (February: +0.25% mom). Increases in industrial production, services revenue, imports of production inputs, goods exports and credit card purchases underpinned the reading.

On an annual basis, economic activity rose 1.9% in March, matching February’s expansion and marking the worst result since January 2021.

Taken together, Index readings for Q1 as a whole suggest ongoing robust economic activity in the period, notwithstanding protests and business uncertainty generated by the proposed judicial reform.

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