Israel Economic Sentiment


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.

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:, Economist

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Israel Economic Sentiment Chart

Israel State Economy December 2014

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

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