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