Israel Economic Sentiment March 2019


Israel: Consumer sentiment improves in March, business confidence stable at elevated level

April 10, 2019

Confidence among Israeli household improved from minus 10 in February to minus 8 in March. The uptick in sentiment was driven by a more upbeat outlook regarding the labor market, the general economy and households’ probability of saving. In contrast, households grew marginally more pessimistic regarding their own future financial situation.

Meanwhile, business confidence was unchanged at 25 in March, likely supported by low borrowing costs and strong growth momentum. Over Q1 as a whole, solid consumer and business confidence readings by historical standards bode well for domestic demand.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 3.5% in 2019 and 3.4% in 2020. Our panelists see fixed investment expanding 4.2% in 2019 and 3.8% in 2020.

Author:, Economist

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Israel Economic Sentiment Chart

Israel Economic Sentiment March 2019

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

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