Israel: BoI State of the Economy index inches down in May
June 25, 2017
In May, the Bank of Israel (BoI) Composite State of the Economy index rose 0.28% from the previous month, which was below April’s 0.38% increase. May’s moderation was due to weaker industrial production and retail sales, which were partly offset by robust imports.
On an annual basis, the State of the Economy index rose 4.8% in May, down slightly from April’s 4.9% increase.