Israel Economic Sentiment May 2018

Israel

Israel: Business and consumer sentiment reach multi-year highs in May

June 11, 2018

Sentiment levels rose in May, according to data released by the Central Bureau of Statistics (CBS). Consumer confidence, although still firmly entrenched in negative territory, increased from minus 9.9 points in April to minus 7.2 points in May. The result marked the highest level in the history of the survey, which dates back to March 2011.

The increase in consumer sentiment reflected a broad-based improvement in consumers’ outlook on the Israeli economy. Consumers were more optimistic regarding the development of their economic situation, as well as the general economic situation of the country. Moreover, their view on the labor market improved. Sentiment was unchanged regarding households’ ability to save.

Business sentiment, in addition, improved from 21.7 points in April to 23.8 points in May.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 4.0% in 2018, which is up 0.2 percentage points from last month’s forecast, and 3.6% in 2019. Our panelists expect fixed investment to expand 6.3% in 2018, which is up 0.8 percentage points from last month’s forecast, and 5.1% in 2019.


Author:, Economist

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Israel Economic Sentiment Chart


Israel Economic Sentiment May 2018

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


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