Israel Economic Sentiment


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.

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 October 2015

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

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