Israel: BoI State of the Economy index remains broadly stable in July
August 21, 2016
In July, the Bank of Israel (BoI) Composite State of the Economy index increased 0.17% over the previous month, which was slightly below June’s reading of 0.20%. The index in July was negatively impacted by decreases in consumer goods imports and goods exports while imports of manufacturing inputs provided a positive contribution, according to the Bank.
On an annual basis, the State of the Economy index rose 2.3% in July, which was slightly down from the 2.4% increase observed in the previous month and marked the lowest reading since February 2015. The annual average variation in the index inched down from 2.6% in June to 2.5% in July.