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.
Author: Dirina Mançellari, Senior Economist