Israel Economic Sentiment November 2018

Israel

Israel: Consumer sentiment reaches highest level in survey history in November

December 10, 2018

Although remaining entrenched in negative territory, Israeli consumer confidence improved markedly in November. Sentiment among consumers increased from minus 9.2 in October to minus 5.7 in November, this marked the best result in the survey’s history. The rise came on the back of a broad-based improvement in underlying components: Consumers were more optimistic about their ability to save money, the state of the labor market, and both their own and the country’s general economic situations.

Meanwhile, business sentiment was stable at October’s 22.6 in November.

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 November 2018

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


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