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.
Author: Dirina Mançellari, Senior Economist