Population in Israel
Israel - Population
The economy shrank at a record rate in Q2, driven by plummeting private consumption and fixed investment due to the domestic lockdown. In contrast, public consumption surged amid government stimulus measures. Turning to Q3, the recovery is likely being constrained by a rise in Covid-19 cases, which forced the government to reimpose some restrictions on activity. The State of the Economy Index ticked up only marginally in July following five consecutive monthly contractions, hinting at subdued momentum. In politics, Prime Minister Benjamin Netanyahu and coalition partner Benny Gantz agreed to extend the budget approval deadline by 120 days in late August. While this averts the prospect of snap elections for now, political gridlock could hamper the recovery from the pandemic.Israel - Population Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Population (million) | 8.4 | 8.5 | 8.7 | 8.9 | 9.1 |
Israel Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.98 | -1.69 % | Jan 01 |
| Exchange Rate | 3.46 | -0.37 % | Dec 31 |
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Economic News
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Israel: Bank of Israel keeps rates unchanged in August
August 24, 2020
At its 24 August meeting, the Bank of Israel (BoI) left the policy rate at 0.10%, as expected. The decision was likely driven by a desire to assess the impact of past easing, which has consisted of a 15-basis-point policy cut and less conventional measures such as bond purchases, credit schemes and changes to macroprudential regulations.
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Israel: Composite State of the Economy Index records first expansion for six months in July
August 23, 2020
The Bank of Israel’s Composite State of the Economy Index increased 0.15% month-on-month in seasonally-adjusted terms in July, which contrasted June’s 0.04% contraction.
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Israel: Manufacturing PMI recovers markedly in July
August 19, 2020
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), increased from 45.0 in June to 49.8 in July, but remained slightly below the neutral 50-mark signaling worsening operating conditions.
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Israel: GDP records largest fall on record in Q2, only mild recovery expected for Q3
August 16, 2020
GDP contracted at a quicker pace of 28.7% in seasonally-adjusted annualized terms (SAAR) in the second quarter, below the 6.8% contraction logged in the first quarter and marking the worst reading on record.
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Israel: Consumer prices fall at softer pace on an annual basis in July
August 14, 2020
Consumer prices increased 0.20% in July over the previous month, following June's 0.10% fall.
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