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.
Author: Dirina Mançellari, Senior Economist