Israel: Business and consumer sentiment worsen in November
Confidence among Israeli households worsened from minus 10 in October to minus 14 in November. The drop in sentiment was driven by a less upbeat outlook regarding the general economy and households’ own economic situation.
Meanwhile, business sentiment fell from 22 in October to 20 in November, likely driven in part by ongoing political gridlock. Worsening business and consumer sentiment so far in Q4 suggest a weakening of domestic economic activity in the quarter.