Current Account in Israel
Israel - Current AccountThe fourth quarter seems to have followed in the footsteps of the rapid domestic-demand-driven economic growth observed in the third quarter. Consumer confidence in November reached its highest level since the survey began on a broad-based improvement. In the same month, the Composite State of the Economy Index edged higher thanks to a solid domestic economy, as the external sector dragged on growth somewhat. The index thus trended markedly above the average reading of the third quarter in October–November. Moreover, November PMI data highlighted improved business conditions in the manufacturing sector thanks to resilient domestic-demand dynamics, which offset a drop in foreign demand. Although exports contracted in the same month, the trade deficit narrowed owing to a moderation of import growth. In the political arena, Prime Minister Benjamin Netanyahu announced snap elections on 24 December, moving the scheduled general elections forward by six months as a police investigation accusing Netanyahu of corruption reached its climax.
Israel - Current Account Data
|Current Account (% of GDP)||3.0||3.7||5.0||3.8||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Israel Current Account Chart
Source: Central Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||2.26||-1.69 %||Jan 16|
|Exchange Rate||3.68||-0.37 %||Jan 16|
|Stock Market||1,369||-0.91 %||Jan 16|
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January 7, 2019
On 24 December, Prime Minister Benjamin Netanyahu called a snap election, scheduled to be held on 9 April, amid accumulating political pressure and calls for his resignation over corruption charges.
January 7, 2019
At the first Monetary Committee meeting under the governorship of Amir Yaron on 7 January, the Bank of Israel held fire and kept the policy rate at 0.25% after it had raised the interest rate by 15 basis points in November.
December 23, 2018
The Bank of Israel’s Composite State of the Economy Index increased 0.32% over the prior month in November, up from an upwardly revised 0.30% in October (previously reported: +0.26% month-on-month).
December 19, 2018
In November, the Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA) rose to 53.7 in November from 52.7 in October.
December 14, 2018
Consumer prices fell 0.3% over the previous month in November, contrasting October’s 0.3% increase.