Israel Economic Sentiment


Israel: BoI State of the Economy index improves in March

April 27, 2015

In March, the Bank of Israel (BoI) Composite State of the Economy index increased 0.37% over the previous month, which was an improvement over the 0.33% increase observed in February and marked a three-month high. According to the Bank, “the index’s rate of increase in March was positively impacted by an increase in imports of consumer goods and of manufacturing inputs.

On an annual basis, the State of the Economy index rose 3.3% in March, which was up from the 2.9% increase tallied in the previous month and marked the fastest increase since January 2014. The annual average variation in the index inched up from 2.5% in February to 2.6% in March.

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 February 2015

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

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