Israel: Composite State of the Economy Index bounces back in May
Latest reading: The Bank of Israel’s Composite State of the Economy Index expanded 0.11% month-on-month in seasonally adjusted terms in May (April: -0.16% mom). The index was positively influenced by increases in goods exports, the job vacancy rate, and credit card purchases, as well as industrial production. In contrast, declines in imports of consumption goods and production inputs, services revenue, services exports, and building starts had a negative impact.
On an annual basis, economic activity rose at a quicker rate of 1.1% in May (April: +0.9% yoy), the best result since December 2024.