Israel: Economic activity index falls in April
Latest reading: The Bank of Israel’s Composite State of the Economy Index fell 0.10% in month-on-month seasonally adjusted terms in April, which followed March’s 0.05% increase. The index was negatively affected by declines in goods exports, credit card purchase volume, and the job vacancy rate. In contrast, increases in the import of consumption goods, production inputs, and industrial production had a positive impact.
On an annual basis, economic activity rose at a quicker rate of 1.0% in April, up from 0.9% in March.