Israel: Economic activity accelerates in January
Latest reading: The monthly index of economic activity was up 0.5% on a seasonally adjusted month-on-month basis in January, following a 0.4% increase in the previous month. The latest month’s reading reflects the average monthly growth estimate from the previous three months.
The Index rose due to credit card spending, trade revenue, industrial production, retail trade, imports and financial indicators. The increase was partly offset by weaker readings for employment, gasoline consumption, tax and VAT receipts and goods exports.