Israel Economic Sentiment March 2017


Israel: BoI State of the Economy index edges up in March

April 30, 2017

In March, the Bank of Israel (BoI) Composite State of the Economy index rose 0.36% from the previous month, which was above February’s 0.26% increase. March’s result was driven by a remarkable rebound in goods and services exports, which more than offset declines in the components for industrial production, manufactured imports and number of jobs in the private sector.

On an annual basis, the State of the Economy index rose 5.2% in March, down slightly from February’s 5.3% increase.

FocusEconomics Consensus Forecast panelists foresee the economy growing 3.5% in 2017, which is up 0.1 percentage points from last month’s estimate. For 2018, the panel projects that the economy will expand 3.1%.

Author: Marlène Rump, Senior Data Analyst

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