Israel Economic Activity July 2019

Israel

Israel: Economic activity growth is moderate in July

August 20, 2019

The Bank of Israel’s Composite State of the Economy Index rose 0.19% in July, matching June’s revised reading (previously reported: +0.23% month-on-month). On a year-on-year basis, growth in the index clocked 3.0%, matching June’s figure.

July’s reading was supported by stronger goods exports and a higher vacancy rate in the month, and growth in retail sales and services revenue in June. However, a fall in industrial production in June weighed on the index. 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.

FocusEconomics Consensus Forecast panelists expect GDP to grow 3.3% in 2019 and 3.3% again in 2020.


Author:, Economist

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Israel Economic Activity Chart


Israel State of Economy July 2019

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


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