Israel: Composite State of the Economy Index growth remains broadly unchanged in August
October 6, 2021
The Bank of Israel’s Composite State of the Economy Index grew 0.28% in month-on-month seasonally-adjusted terms in August, which was above July's 0.21% increase. The Index was positively affected by increases in industrial production in July and goods imports in August. The index is calculated using the latest available data and hence uses a combination of figures from recent months to provide a comprehensive picture of the economy’s performance.
On an annual basis, economic activity increased 2.9% in August, which was below July’s 3.0% expansion and marked the worst result since March.
Author: Oliver Reynolds, Economist