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.
Author: Dirina Mançellari, Senior Economist