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).
Author: Jan Lammersen, Economist