Israel Economic Sentiment


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.

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 June 2015

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

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