Israel

Israel Economic Activity June 2019

Israel: Economic activity picks up in June after May’s lull

The Bank of Israel’s Composite State of the Economy Index rose 0.23% in June, up from May’s revised 0.14% increase (previously reported: +0.13% month-on-month). The average reading for Q2 as a whole suggests momentum ebbed from the first quarter, when growth was boosted by temporary factors; this also matches our panelists’ predictions. On a year-on-year basis, growth in the index clocked 3.3%, matching May’s figure.

June’s reading was supported by stronger imports of consumer goods and manufactured inputs, and a rise in goods exports. However, the latter appears to contradict the most recent merchandise trade data, which showed exports declining in June. Lower industrial production and retail sales figures for May dragged on the headline figure. 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