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.
Author: Dirina Mançellari, Senior Economist