Israel Economic Activity November 2023

Israel: Decline in Composite State of the Economy Index softens in November

The Bank of Israel’s Composite State of the Economy Index slid 0.71% in month-on-month seasonally adjusted terms in November, which was a smaller contraction than October’s 1.81% decrease.

On an annual basis, economic activity fell at a more pronounced rate of 1.5% in November (October: -0.6% yoy), the worst result since June 2020.

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