Israel: BoI State of the Economy index increases in March
April 20, 2016
In March, the Bank of Israel (BoI) Composite State of the Economy index increased 0.16% over the previous month, which was down from the 0.24% increase observed in February. According to the Bank, the index in March was positively impacted by an increase in retail trade revenues.
On an annual basis, the State of the Economy index rose 3.3% in March, which was slightly down from February’s 3.4% increase. The annual average variation in the index inched up from 3.2% in February to 3.3% in March, thus hitting the highest level since December 2012.
Author: Dirina Mançellari, Senior Economist