Israel Economic Sentiment June 2016


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.

FocusEconomics Consensus Forecast panelists foresee the economy growing 2.5% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel projects that the economy will expand 3.1%.

Author:, Senior Economist

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Israel Economic Sentiment Chart

Israel State Economy June 2016

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

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