Israel: Composite State of the Economy Index growth ebbs in March
Latest reading: The Bank of Israel’s Composite State of the Economy Index increased 0.25% in month-on-month seasonally adjusted terms in March, which followed February’s 0.32% increase. March’s index was positively influenced by increases in imports of consumption goods and production inputs, goods exports, credit card purchases, industrial production, services revenue, and retail trade revenue. In contrast, declines in services exports and employee posts had a negative impact.
On an annual basis, economic activity rose at a quicker rate of 1.7% in March (February: +1.6% yoy).