October 27, 2019
Confidence among Israeli households improved from minus 10 in August to minus 9 in September. The uptick in sentiment was driven by a more upbeat outlook regarding the general economy and households’ own economic situation.
Meanwhile, business sentiment increased from 24 in August to 26 in September, likely supported by robust domestic activity.
Author: Oliver Reynolds, Economist
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November 26, 2019
The Bank of Israel’s Composite State of the Economy Index rose 0.30% in October compared to the previous month in seasonally-adjusted terms, up from September’s revised 0.29% expansion (previously reported: +0.25% month-on-month).
November 25, 2019
At its 25 November meeting, the Monetary Committee of the Bank of Israel (BoI) kept the key interest rate unchanged at 0.25%, confounding market expectations of a rate cut. The Bank decided to stand pat despite inflation remaining below the BoI’s 1.0%–3.0% target range for the fifth straight month in October amid a strong shekel and low oil prices.
November 20, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose to 51.8 in October from 50.3 in September, moving further above the neutral 50-mark separating expansion from contraction in the manufacturing sector.
November 17, 2019
The economy expanded 4.1% in quarter-on-quarter, seasonally-adjusted annualized rate terms (qoq SAAR) in the third quarter, considerably exceeding Q2’s upwardly revised 0.8% expansion (previously reported: +0.6% qoq SAAR).
November 15, 2019
Consumer prices rose 0.4% in October over the prior month, contrasting September’s 0.2% decrease.
