Israel Economic Sentiment January 2019

Israel

Israel: Business and consumer sentiment rise in January, although pessimism among households remains abound

February 12, 2019

Confidence among Israeli household improved from minus 12 in December to minus 10 in January. The uptick in sentiment was driven by a more upbeat outlook on the financial situation of households, the labor market, and the general economic situation in Israel in the next 12 months. However, the rise in overall sentiment was limited by a drop in the probability to save as respondents noted that they are less likely to save money over the next 12 months.

Meanwhile, business confidence rose from 21 in December to 24 in January on increased optimism among manufacturing and services firms; sentiment among sales and retail trade firms decreased, however.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 3.4% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.3% in 2020. Our panelists expect fixed investment to expand 4.7% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.8% in 2020.


Author:, Economist

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Israel Economic Sentiment January 2019

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


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