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.
Author: Jan Lammersen, Economist