Israel Economic Sentiment June 2019

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

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.

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