Israel: BoI State of the Economy index improves slightly in December
January 21, 2015
In December, the Bank of Israel (BoI) Composite State of the Economy index increased 0.3% over the previous month, which was a slight improvement over the 0.2% increase observed in November. The figure marked the highest reading in over a year. According to the Bank, December’s improvement mainly reflected an increase in the import of consumer goods and other foreign trade indices.
On an annual basis, the State of the Economy index rose 1.7%, which marked an improvement over the 1.6% increase observed in November. The annual average variation in the index inched down from 2.3% in November to 2.1% in December, thus marking the lowest level since April 2010.
Author: Cecilia Simkievich, Economist