Israel Economic Sentiment August 2017


Israel: State of the Economy index inches up in August

September 25, 2017

In August, the Bank of Israel’s (BoI) Composite State of the Economy index rose 0.31% on a monthly basis, slightly above the previous month’s revised 0.22% expansion (previously reported: +0.24% month-on-month). August’s print signals the continuation of the stable expansion in economic activity observed since the outset of the year. Looking at the monthly result in more detail, the increase was chiefly driven by greater imports of input goods and greater exports of goods, and a higher job vacancy rate.

In annual terms, the State of the Economy index in August was stable at the previous month’s revised 3.5% growth rate (previously reported: +3.6% yoy), marking the joint-lowest reading since December 2015.

FocusEconomics Consensus Forecast panelists foresee the economy growing 3.4% in 2017, which is unchanged from last month’s estimate. For 2018, the panel projects that the economy will expand 3.5%, unchanged from last month’s forecast.

Author:, Economist

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Israel Economic Sentiment Chart

Israel State of Economy August 2017 0

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

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