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.
Author: Jan Lammersen, Economist