Israel Economic Sentiment December 2016


Israel: BoI State of the Economy index rises in December

January 22, 2017

In December, the Bank of Israel (BoI) Composite State of the Economy index rose 0.45% from the previous month, which was above November’s 0.34% increase and the highest result in 27 months. December’s increase was fueled by a spike in consumer goods imports due to an exceptional expansion in vehicle purchases, while imports of manufacturing goods fell and goods exports were flat compared to November.

On an annual basis, the State of the Economy index rose 4.0% in December, up marginally from November’s 3.9% figure (previously reported: 3.7%). The annual average variation in the index came in at 3.7% in December, which mirrored November’s print.

FocusEconomics Consensus Forecast panelists foresee the economy growing 3.3% in 2017, which is unchanged from last month’s estimate. For 2018, the panel projects that the economy will expand 3.4%.

Author:, Economist

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Israel Economic Sentiment Chart

Israel State Economy December 2016

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

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