Israel: BoI State of the Economy index inches up in August
September 22, 2016
In August, the Bank of Israel (BoI) Composite State of the Economy index increased 0.17% over the previous month, which was slightly above July’s reading of 0.15%. The index in August was positively impacted by a higher job vacancy rate, while both exported and imported goods provided a negative contribution, according to the Bank.
On an annual basis, the State of the Economy index rose 2.6% in August, which was slightly down from the 2.7% increase observed in the previous month and marked the lowest reading since May 2015. The annual average variation in the index inched down from 2.8% in July to 2.7% in August.