Israel Economic Activity September 2023

Israel: Economic activity remains robust in September

The Bank of Israel’s Composite State of the Economy Index expanded 0.32% month-on-month in seasonally-adjusted terms in September (August: +0.40% mom). The Index was positively influenced by increases in goods exports, credit card purchases, industrial production, retail trade and services revenue.

On an annual basis, economic activity rose 1.9% in September, matching August’s expansion.

Together with upward revisions to July and August data, September’s Index reading suggests a strong GDP outturn in Q3. However, the economy is likely to contract in Q4 due to the war with Hamas.

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