Israel: BoI State of the Economy index increases in May
June 22, 2016
In May, the Bank of Israel (BoI) Composite State of the Economy index increased 0.13% over the previous month, which is virtually unchanged from April’s 0.14% rise. According to the Bank, the index in May was positively impacted by an increase in imports of consumer goods and manufacturing inputs.
On an annual basis, the State of the Economy index rose 1.5% in May, which was almost unchanged from last month’s 1.4% increase. The annual average variation in the index inched down from 1.9% in April to 1.8% in May, its lowest level in over six years.
Author: Christopher Mc Innes, Economist