Israel Economic Sentiment October 2018

Israel

Israel: Consumer and business sentiment worsen in October

November 11, 2018

The consumer confidence index dropped from minus 8.3 in September to minus 9.2 in October. The result reflected a deterioration in consumers’ views of their personal financial situation and the economic situation of the country. However, their expectations regarding household savings improved, likely buttressed by a rosier outlook on the labor market.

Lastly, business sentiment inched down from 23.4 in September to 22.6 in October.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 3.7% in 2019, which is up 0.2 percentage points from last month’s forecast, and 3.4% in 2020. Our panelists expect fixed investment to expand 4.8% in 2019, which is down 0.4 percentage points from last month’s forecast, and 4.4% in 2020.


Author:, Economist

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Israel Economic Sentiment Chart


Israel Economic Sentiment October 2018

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


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