Israel Economic Sentiment February 2019


Israel: Economic activity remains brisk in February

March 24, 2019

Economic activity eased in February according to the Bank of Israel’s Composite State of the Economy Index, which edged down to 0.31% over the previous month. The print, which is down from January’s revised 0.37% increase (previously reported: +0.28% month-on-month), reflected a lower job vacancy rate more than offsetting robust increases in goods exports and consumer goods imports in February and steady growth in industrial production, retail trade and services revenue in January.

On a year-on-year basis, growth in economic activity in February inched up to 3.1% from January’s revised 3.0% increase (previously reported: +2.8% year-on-year).

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 February 2019

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

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