Israel Economic Sentiment


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.

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 July 2015 0

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

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