Israel Economic Activity January 2024

Israel: Composite State of the Economy Index rises at quickest pace in six months in January

The Bank of Israel’s Composite State of the Economy Index grew 0.29% in month-on-month seasonally adjusted terms in January, up from December’s 0.27% increase. The data shows that the economy continues to recover from the war against Hamas, which hit activity significantly in October–November. However, economic activity is still below its pre-war level.

In January the Index was positively influenced by increases in services revenue, retail trade revenue, imports of production inputs, goods exports, the job vacancy rate, and credit card purchases.

On an annual basis, economic activity decreased 1.3% in January, easing somewhat from December’s 1.5% fall.

GDP will return to growth from Q1 2024 onwards, though the lingering conflict will continue to cast a shadow over the economy.

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