Israel: BoI State of the Economy index climbs in September
November 1, 2016
In September, the Bank of Israel (BoI) Composite State of the Economy index increased 0.33% from the previous month, which was above August’s 0.24% increase and the fastest rise in 10 months. The index in September was driven up by improved trade data and higher industrial production, according to the Bank.
On an annual basis, the State of the Economy index rose 3.2% in September, which was up from the 3.0% increase observed in the previous month and marked the best result since February 2014. The annual average variation in the index came in at 2.9% in September, which mirrored August’s print.