Israel: BoI State of the Economy broadly stable in February
March 22, 2017
In February, the Bank of Israel (BoI) Composite State of the Economy index rose 0.31% from the previous month, which was marginally below January’s 0.32% increase. February’s reading was a mixed bag: the latest industrial production data showed a deceleration in output growth and a decrease in job vacancies, while but service and retail trade rebounded from a slump in the previous month. Growing imports pushed the index up, while falling exports dragged on the overall picture.
On an annual basis, the State of the Economy index rose 4.9% in February, down slightly from January’s 5.0% increase.