Israel Economic Sentiment May 2019

Israel

Israel: Consumer and business sentiment decline in May

June 12, 2019

Confidence among Israeli households worsened from minus 7 in April to minus 9 in May. The downturn in sentiment was driven by a less upbeat outlook regarding the general economy and the labor market. Sentiment regarding the probability of saving was unchanged, while households grew more optimistic regarding their personal finances.

Meanwhile, business sentiment inched down to 25 in May from 26 in April, but remained elevated, likely supported by low borrowing costs and strong growth momentum. Political gridlock and an escalation of global trade tensions could have had a part to play in May’s decline in consumer and business sentiment.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 3.8% in 2019 and 3.4% in 2020. Our panelists see fixed investment expanding 5.2% in 2019 and 4.0% in 2020.


Author:, Economist

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Israel Economic Sentiment Chart


Israel Economic Sentiment May 2019

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


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