Israel: BoI State of the Economy index increases at the previous month's pace in June
July 24, 2016
In June, the Bank of Israel (BoI) Composite State of the Economy index increased 0.10% over the previous month, which mirrored the previous month’s figure. According to the Bank, the index in June was positively impacted by an increase in trade and service revenues indices.
On an annual basis, the State of the Economy index rose 1.6% in June, which was down from the 1.7% increase observed in the previous month and marked the lowest reading since October 2009. The annual average variation in the index inched down from 2.1% in May to 2.0% in June, its lowest level in over six years.
Author: Dirina Mançellari, Senior Economist