Israel Economic Sentiment December 2016

Israel

Israel: Consumer confidence increases in November, business confidence surges in December

January 9, 2017

The business confidence index produced by the Central Bureau of Statistics (CBS) came in at 19.4 in December, which was above the previous month’s reading of 17.1 points and the highest number in almost three years.

The consumer confidence index improved from minus 12.2 in October to minus 11.4 in November, the best result in four months, but it was still firmly entrenched in negative territory.

FocusEconomics Consensus Forecast panelists expect fixed investment to grow 5.1% in 2017, which is up 0.3 percentage points from last month’s projection. For 2018, the panel sees fixed investment growing 3.0%.Panelists expect private consumption to grow 4.3% in 2017, which is up 0.3 percentage points from last month’s estimate. The panel expects private consumption to grow 3.8% in 2018.


Author: Marlène Rump, Economist

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Israel Economic Sentiment December 2016

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


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