Israel Economic Sentiment February 2019

Israel

Israel: Business confidence rises in February while consumer sentiment is stable

March 14, 2019

Israeli consumer confidence was stable at minus 10 in February. The unchanged headline figure masked some movements in the underlying components. Consumers were less pessimistic about the economic situation in the country, which likely fed into an improvement in the outlook on the economic situation of households. However, consumers’ views on the labor market became more negative, with a greater number of people expecting an increase in the unemployment rate.

Meanwhile, business confidence rose from 24 in January in 25 in February.

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 Chart


Israel Economic Sentiment February 2019

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


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