International Reserves in Israel
Israel - International ReservesGrowth was robust in the third quarter on strong private consumption, while fixed investment and exports contracted sharply. However, volatile vehicle purchases distorted the reading—as has been the case so far this year—while a rise in inventories also flattered the headline GDP figure, and underlying momentum was likely more modest. The economy had a largely soft start to the fourth quarter: In October, both consumer and business sentiment flagged, while merchandise exports plunged. Meanwhile, in politics, the chance of further elections rose when Benny Gantz, leader of the Blue and White alliance, failed to form a government on 20 November, triggering a 21-day period to find an alternative path forward. Moreover, the recent indictment of Benjamin Netanyahu on corruption charges makes a potential coalition between his Likud party and Blue and White even less likely as long as Netanyahu remains leader. However, political uncertainty is unlikely to have a major impact on growth for the time being.
Israel - International Reserves Data
|International Reserves (USD)||81.8||86.1||90.6||98.4||113|
5 years of economic forecasts for more than 30 economic indicators.
Israel International Reserves Chart
Source: Central Bank of Israel and FocusEconomics calculations.
|Bond Yield||1.02||-1.69 %||Nov 21|
|Exchange Rate||3.46||-0.37 %||Nov 21|
|Stock Market||1,588||-0.91 %||Nov 21|
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November 26, 2019
The Bank of Israel’s Composite State of the Economy Index rose 0.30% in October compared to the previous month in seasonally-adjusted terms, up from September’s revised 0.29% expansion (previously reported: +0.25% month-on-month).
November 25, 2019
At its 25 November meeting, the Monetary Committee of the Bank of Israel (BoI) kept the key interest rate unchanged at 0.25%, confounding market expectations of a rate cut. The Bank decided to stand pat despite inflation remaining below the BoI’s 1.0%–3.0% target range for the fifth straight month in October amid a strong shekel and low oil prices.
November 20, 2019
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), rose to 51.8 in October from 50.3 in September, moving further above the neutral 50-mark separating expansion from contraction in the manufacturing sector.
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 15, 2019
Consumer prices rose 0.4% in October over the prior month, contrasting September’s 0.2% decrease.