Israel Economic Sentiment February 2016


Israel: BoI State of the Economy index improves in February

March 22, 2016

In February, the Bank of Israel (BoI) Composite State of the Economy index increased 0.25% over the previous month, which was up from the 0.20% increase observed in January. According to the Bank, the index in February was positively impacted by an increase in trade revenues.

On an annual basis, the State of the Economy index rose 3.5% in February, which was down from January’s 3.6% increase. The annual average variation in the index inched up from 3.3% in January to 3.4% in February, thus hitting the highest level since December 2012.

FocusEconomics Consensus Forecast panelists foresee the economy growing 2.5% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel projects that the economy will expand 3.1%.

Author:, Senior Economist

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Israel Economic Sentiment Chart

Israel State Economy February 2016

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

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