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.
Author: Dirina Mançellari, Senior Economist