Israel Economic Sentiment

Israel

Israel: Both businesses and consumers less confident in October

November 9, 2015

The business confidence index elaborated by the Central Bureau of Statistics (CBS) dropped from 3.4 in September to 1.9 in October. According to the CBS, October’s decrease was due to a deterioration in the majority of the sub-components that comprise the index.

In addition, the consumer confidence index decreased from minus 22.0 in September to minus 25.0 in October, thus marking the lowest reading in 10 months.

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%, which is also unchanged from last month’s estimate. 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, which is also unchanged from last month’s forecast.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Economic Sentiment in Israel? Download a sample report now.

Download

Israel Economic Sentiment Chart


Israel Economic Sentiment October 2015

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


Israel Economic News

More news

Search form