Israel Economic Activity February 2021

Israel

Israel: Composite State of the Economy Index rebounds in February

March 24, 2021

The Bank of Israel’s Composite State of the Economy Index rose 0.40% month-on-month in seasonally-adjusted terms in February (January: -0.26% mom), supported by the easing of the third lockdown.

On an annual basis, economic activity fell at a more moderate pace of 0.2% in February (January: -0.6% yoy).

FocusEconomics analysts see the economy expanding 4.9% in 2021, up 0.2 percentage points from last month’s forecast, before growing 4.0% in 2022.


Author:, Economist

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Israel Economic Activity Chart


Israel State of Economy February 2021

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


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