Israel: BoI State of the Economy index improves in June
July 30, 2015
In June, the Bank of Israel (BoI) Composite State of the Economy index increased 0.41% over the previous month, which was an improvement over the 0.30% increase observed in May and marked the highest figure in six months. According to the Bank, the index in June was positively impacted by an increase in imports of consumer and manufacturing goods, as well as an increase in the job vacancy.
On an annual basis, the State of the Economy index rose 3.7% in June, which was up from the 3.4% increase tallied in the previous month and marked the fastest increase since May 2012. The annual average variation in the index inched up from 2.7% in May to 2.8% in June.
Author: Dirina Mançellari, Senior Economist