Israel Economic Sentiment December 2017


Israel: Consumer and business confidence indices close in on all-time highs in December

January 10, 2018

In December, the Central Bureau of Statistics’ (CBS) consumer confidence index edged up from November’s minus 10.7 points to minus 9.3 points. Although December’s reading tied June’s as the second-highest in the index’s history, the index was still firmly entrenched in negative territory—where it has been since the survey began in March 2011. December’s increase from a month earlier was largely due to a sharp improvement in expectations toward household savings. Moreover, households grew marginally more upbeat about their economic prospects. On the other hand, views on unemployment and broader economic development grew moderately more downbeat in the month.

Business confidence rose sharply in December, climbing from 19.6 points in November to 22.3 points—and closing in on August’s all-time high of 23.3 points.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 3.9% in 2018, which is up 0.1 percentage points from last month’s forecast. Our panel expects private consumption to grow 3.3% in 2019. Our panelists expect fixed investment to grow 5.9% in 2018, which is down 0.2 percentage points from last month’s forecast. For 2019, our panel expects fixed investment to grow 5.0%.

Author:, Economist

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Israel Economic Sentiment Chart

Israel Economic Sentiment December 2017

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

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