Israel: Composite State of the Economy Index rebounds in January
The Bank of Israel’s Composite State of the Economy Index expanded 0.12% month-on-month in seasonally-adjusted terms in January (December: -0.10% s.a. mom). 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 grew at a brisker pace of 3.5% in January (December: +2.7% yoy), marking the strongest reading since April 2021.