Israel Economic Sentiment


Israel: BoI State of the Economy index slows slightly in February

March 23, 2015

In February, the Bank of Israel (BoI) Composite State of the Economy index increased 0.25% over the previous month, which was a slight deterioration over the revised 0.30% increase observed in January and marked the slowest increase in seven months. According to the Bank, “the index’s rate of increase in February was moderated by declines in import and export components and a decline in industrial production.”

On an annual basis, the State of the Economy index rose 2.9% in February, which matched January’s increase. January’s print had marked the fastest increase since February last year. The annual average variation in the index was also stable at January’s 2.5% in February.

FocusEconomics Consensus Forecast panelists expect GDP to grow 2.9% in 2015, which is up 0.5 percentage points over last month’s projection. For 2016, the panel sees the economy accelerating to 3.3% growth.

Author:, Economist

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Israel Economic Sentiment Chart

Israel State Economy January 2015 0

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

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