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.
Author: Oliver Reynolds, Economist