Israel Economic Sentiment


Israel: BoI State of the Economy index deteriorates in September

October 25, 2015

In September, the Bank of Israel (BoI) Composite State of the Economy index increased 0.11% over the previous month, which was a deterioration over the 0.30% increase observed in August. According to the Bank, the index in September was positively impacted by an increase in the industrial production index and a rise in the job vacancy rate.

On an annual basis, the State of the Economy index rose 3.1% in September, which was slightly down from the 3.4% increase tallied in the previous month and marked the fastest expansion since May. The annual average variation in the index inched up from 2.5% in August to 2.6% in September, thus hitting the highest level in over a year.

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 September 2015

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

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