Israel: Businesses more confident while consumer confidence deteriorates in May
June 11, 2015
The business confidence index elaborated by the Central Bureau of Statistics (CBS) rose from 0.5 in April to 1.6 in May. According to the CBS, May’s increase was due to an improvementin the majority of the sub-components that comprise the index.
Conversely, the consumer confidence index fell from minus 16.1 in April to minus 22.4 in May, thus reaching the lowest value in four months.
Author: Dirina Mançellari, Senior Economist