Israel Economic Sentiment May 2017


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.

FocusEconomics Consensus Forecast panelists foresee the economy growing 3.3% in 2017, which is unchanged from last month’s estimate. For 2018, the panel projects that the economy will expand 3.4%.

Author: Marlène Rump, Senior Data Analyst

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Israel Economic Sentiment Chart

Israel State of Economy May 2017

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

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