Israel Economic Activity December 2019

Israel: Economic activity growth picks up in December

The Bank of Israel’s Composite State of the Economy Index rose 0.26% in December compared to the previous month in seasonally-adjusted terms, up from November’s 0.24% expansion. On a year-on-year basis, growth in the index clocked 3.1%, down marginally from November’s 3.2%.

December’s month-on-month reading was supported by higher consumer goods imports and job vacancies in December, although the rise in imports was partly due to households frontloading vehicle purchases ahead of tax changes in 2020. December’s reading was held back by lower goods exports in the month and a decline in industrial production in November. 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.

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