Israel Economic Sentiment March 2017


Israel: Business confidence inches down in March

April 19, 2017

The consumer confidence index produced by the Central Bureau of Statistics (CBS) climbed from minus 16.2 points in February to minus 10.9 points in March, the best reading on record. Nonetheless, the index remains firmly entrenched in negative territory.

The business confidence index came in at 20.1 in March, below the 21.3 points reached in February, which had been a record high.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 4.0% in 2017, which is down 0.1 percentage points from last month’s estimate. The panel expects private consumption to grow 3.7% in 2018.Panelists expect fixed investment to grow 4.5% in 2017, which is unchanged from last month’s projection. For 2018, the panel sees fixed investment growing 3.8%.

Author: Marlène Rump, Senior Data Analyst

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