Israel: Both businesses and consumers more confident in June
July 22, 2015
The business confidence index elaborated by the Central Bureau of Statistics (CBS) rose from 1.6 in May to 4.5 in June, thus reaching the highest level in a year. According to the CBS, June’s increase was due to an improvement in the majority of the sub-components that comprise the index.
In addition, the consumer confidence index rose from minus 22.4 in May to minus 17.7 in June, thus recovering from the lowest value in four months.
Author: Dirina Mançellari, Senior Economist