Israel Economic Sentiment


Israel: Both businesses and consumers less confident in July

August 10, 2015

The business confidence index elaborated by the Central Bureau of Statistics (CBS) fell from 4.5 in June to 2.0 in July. June’s figure had marked the highest level in a year. According to the CBS, July’s decrease was due to a deterioration in the majority of the sub-components that comprise the index.

In addition, the consumer confidence index fell from minus 17.7 in June to minus 19.8 in July.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 0.7% in 2015, which is unchanged from last month’s projection. For 2016, the panel sees fixed investment growing 1.4%. Panelists expect private consumption to grow 2.6% in 2015, which is unchanged from last month’s estimate. The panel expects private consumption to grow 3.0% in 2016.

Author:, Senior Economist

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Israel Economic Sentiment Chart

Israel Economic Sentiment July 2015

Note: Business and Consumer Confidence Indicators.
Source: Central Bureau of Statistics (CBS).

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