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).


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