Israel: Both businesses and consumers less confident in September
October 14, 2015
The business confidence index elaborated by the Central Bureau of Statistics (CBS) dropped from 3.8 in August to 3.4 in September. According to the CBS, September’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 17.8 in August to minus 22.0 in September, thus marking the lowest reading in four months.
Author: Dirina Mançellari, Senior Economist