Israel: Economic activity contracts less quickly in April
Latest reading: The monthly index of economic activity declined 0.2% in seasonally adjusted month-on-month terms in April, following a 0.8% decline in the prior month and under the long-term growth trend of about 0.3 percent. The latest month’s reading is the average growth estimate from the previous three months, thus partially reflecting the impact of conflict with Iran that started on 28 February.
The index was weighed down by weaker credit card spending, labor market indicators, services revenue, retail trade, and actual GDP data for Q1 2026. Stronger goods exports, imports of consumer goods and manufacturing inputs, and financial market data partly offset the decline.