Israel Economic Sentiment May 2016


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.

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:, Economist

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Israel Economic Sentiment Chart

Israel State Economy May 2016 0

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

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