Israel Economic Sentiment


Israel: BoI State of the Economy index deteriorates in April

May 21, 2015

In April, the Bank of Israel (BoI) Composite State of the Economy index increased 0.23% over the previous month, which was a deterioration over the 0.40% increase observed in March and marked a nine-month low. According to the Bank, the index in April was positively impacted by an increase in the industrial production index and trade revenue index.

On an annual basis, the State of the Economy index rose 3.3% in April, which was up from the 3.2% increase tallied in the previous month and marked the fastest increase since June 2013. The annual average variation in the index inched up from 2.5% in March to 2.6% in April.

FocusEconomics Consensus Forecast panelists expect GDP to grow 2.9% in 2015, which is up 0.5 percentage points over last month’s projection. For 2016, the panel sees the economy accelerating to 3.3% growth.

Author:, Senior Economist

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Israel Economic Sentiment Chart

Israel State Economy March 2015

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

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