Israel Economic Sentiment September 2018


Israel: Economic activity index signals robust finish to the third quarter

October 31, 2018

The Bank of Israel’s Composite State of the Economy Index expanded 0.26% over the previous month in September, down from August’s revised 0.33% increase (previously reported: +0.36% month-on-month). The growth in the index reflected increased imports of manufacturing inputs and job vacancies in September, as well as a marked expansion in industrial production and services revenue in August. On the other hand, sharp contractions in consumer goods imports and goods exports in September limited the headline expansion.

Finally, on a year-on-year basis, growth in the index was stable at August’s revised 3.5% in September.

FocusEconomics Consensus Forecast panelists expect GDP to grow 3.2% in 2019, which is unchanged from last month’s forecast. For 2020, our panelists expect GDP growth to remain unchanged at 3.2%.

Author:, Economist

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Israel Economic Sentiment Chart

Israel State of Economy September 2018

Note: Month-on-month and year-on-year variations in %.
Source: Bank of Israel (BoI) and FocusEconomics calculations.

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