Israel Economic Sentiment September 2016


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.

FocusEconomics Consensus Forecast panelists foresee the economy growing 2.8% in 2016, which is up 0.1 percentage points from last month’s estimate. For 2017, the panel projects that the economy will expand 3.2%, which is unchanged from last month’s Consensus.

Author: Marlène Rump, Senior Data Analyst

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Israel Economic Sentiment Chart

Israel State Economy September 2016

Note: Month-on-month and year-on-year variations in %.
Source: Bank of Israel (BoI) and FocusEconomics calculations.

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