Israel: Economic activity loses momentum in February
Latest reading: The monthly index of economic activity increased 0.2% in seasonally adjusted month-on-month terms in February, following a 0.5% increase in the previous month. The latest month’s reading reflects the average growth estimate from the previous three months, and doesn’t account for war with Iran from end-February onwards.
The Index was positively influenced by data on the import of manufacturing inputs, durable consumer goods and investment assets, as well as by a strong recent stock market performance. In contrast, the Index was moderated by figures for trade and services revenue, goods and manufacturing exports, job vacancies and employment.