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.
Author: Dirina Mançellari, Senior Economist