Israel: Economic sentiment moderates in September as consumers and businesses dial back August's enthusiasm
October 9, 2017
In September, the Central Bureau of Statistics’ (CBS) consumer confidence index edged down to minus 11.5 points from minus 10.6 points in August. Although September’s reading remained within striking distance of the year-to-date high, the index was still firmly entrenched in negative territory—where it has been since the survey began in March 2011. September’s moderation was nearly broad-based, with consumers recording greater apprehension towards expected household savings, national unemployment and the broader economy. That said, household economic expectations grew more optimistic, an uptick likely tied to the tight labor market.
In a similar vein, business confidence climbed down from its all-time high 23.3 points in August to land at 22.4 point in September.
Author: Christopher Thomas, Economist