Israel Economic Sentiment June 2019

Israel

Israel: Consumer sentiment worsens markedly in June; business sentiment picks up

July 10, 2019

Confidence among Israeli households worsened from minus 9 in May to minus 14 in June. The downturn in sentiment was driven by a less upbeat outlook regarding the general economy, households’ personal finances and households’ probability of saving. Meanwhile, sentiment regarding the labor market was unchanged. Domestic political uncertainty could have played a role in deepening pessimism.

Business sentiment inched up from 25 in May to 26 in June, likely supported by low borrowing costs and robust growth momentum.

FocusEconomics Consensus Forecast panelists expect private consumption to grow 3.9% in 2019 and 3.3% in 2020. Our panelists see fixed investment expanding 5.0% in 2019 and 3.9% in 2020.


Author:, Economist

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Israel Economic Sentiment Chart


Israel Economic Sentiment June 2019

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


Israel Economic News

  • Israel: Economic activity picks up in June after May’s lull

    July 23, 2019

    The Bank of Israel’s Composite State of the Economy Index rose 0.23% in June, up from May’s revised 0.14% increase (previously reported: +0.13% month-on-month).

    Read more

  • Israel: Manufacturing PMI picks up in June

    July 21, 2019

    The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose from 50.4 in May to 52.7 in June, moving further above the neutral 50-point mark separating expansion from contraction in the manufacturing sector. The change in the headline figure was driven by stronger domestic demand, while export orders continued to shrink.

    Read more

  • Israel: Inflation plummets in June

    July 15, 2019

    Consumer prices fell 0.6% in June over the prior month, contrasting May’s 0.7% increase, amid lower prices for fresh fruit and vegetables, and clothing and footwear.

    Read more

  • Israel: Exports and imports drop in June

    July 11, 2019

    Merchandise exports contracted 8.3% year-on-year in June in USD terms, coming after May’s revised 13.4% decline (previously reported: -8.5% yoy), and against a backdrop of elevated trade tensions and waning global momentum.

    Read more

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