Israel: BoI State of the Economy index improves in October
November 23, 2015
In October, the Bank of Israel (BoI) Composite State of the Economy index increased 0.29% over the previous month, which was up from the 0.13% increase observed in September. According to the Bank, the index in October was positively impacted by an increase in the imports of consumer goods and the manufacturing inputs indices.
On an annual basis, the State of the Economy index rose 3.2% in October, which matched the previous month’s increase. The annual average variation in the index inched up from 2.7% in September to 2.8% in October, thus hitting the highest level in over a year.
Author: Dirina Mançellari, Senior Economist