Israel: BoI State of the Economy index improves in August
September 30, 2015
In August, the Bank of Israel (BoI) Composite State of the Economy index increased 0.29% over the previous month, which was a slight improvement over the 0.25% increase observed in July. According to the Bank, the index in August was positively impacted by an increase in the imports of consumer products and by an increase in the job vacancy rate.
On an annual basis, the State of the Economy index rose 3.2% in August, which was slightly up from the 3.1% increase tallied in the previous month and marked the fastest increase since August 2012. The annual average variation in the index inched up from 2.3% in July to 2.4% in August, thus hitting an 11-month high.
Author: Dirina Mançellari, Senior Economist