Exchange Rate in Israel
Israel - Exchange RateThe economy appeared to gain steam in the third quarter. In July and August, growth in the State of the Economy index—a proxy for economic activity—averaged notably higher than in Q2. Moreover, the labor market should have remained tight as the unemployment rate tracked below 4.0% in July and August, while average wage growth markedly outpaced inflation in July, boding well for private consumption. This comes after a meek Q2: A third GDP estimate revised growth down to a mere 0.6% SAAR. However, this low figure was distorted by a sharp fall in vehicle sales, after consumers had front-loaded purchases in Q1 ahead of new environmental taxes, and underlying momentum was broadly stable. On the political front, the country remains without a new government following inconclusive elections in September. However, economic momentum should remain robust regardless.
Israel - Exchange Rate Data
|Exchange Rate (vs USD)||3.47||3.89||3.90||3.85||3.47|
5 years of economic forecasts for more than 30 economic indicators.
Israel Exchange Rate Chart
Source: Central Bank of Israel.
|Bond Yield||1.10||-1.69 %||Sep 04|
|Exchange Rate||3.53||-0.37 %||Sep 04|
|Stock Market||1,479||-0.91 %||Sep 04|
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November 17, 2019
The economy expanded 4.1% in quarter-on-quarter, seasonally-adjusted annualized rate terms (qoq SAAR) in the third quarter, considerably exceeding Q2’s upwardly revised 0.8% expansion (previously reported: +0.6% qoq SAAR).
November 14, 2019
Confidence among Israeli households worsened from minus 9 in September to minus 10 in October.
November 13, 2019
Merchandise exports fell 21.8% year-on-year in October in USD terms, contrasting September’s 11.5% growth.
November 3, 2019
The Bank of Israel’s Composite State of the Economy Index rose 0.25% in September compared to the previous month in seasonally-adjusted terms, up from August’s revised 0.20% expansion (previously reported: +0.23% month-on-month).
October 30, 2019
Merchandise exports rose 5.7% in September in USD terms, contrasting August’s revised 6.9% fall (previously reported: -6.0% year-on-year).