Israel Economic Sentiment


Israel: BoI State of the Economy index improves in July

August 21, 2015

In July, the Bank of Israel (BoI) Composite State of the Economy index increased 0.29% over the previous month, which was a deterioration over the 0.40% increase observed in June. June’s figure had marked the highest reading in six month. According to the Bank, the index in July was positively impacted by an increase in exports of goods and services..

On an annual basis, the State of the Economy index rose 3.3% in July, which was 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 June to 2.4% in July, thus hitting a 10-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

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

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