Israel: Economic activity index stagnates in October
Latest reading: The monthly index of economic activity was stable in seasonally adjusted month-on-month terms in October, following a 2.0% rise in the prior month. The October reading reflects the average monthly growth estimate from August to October.
The index was negatively affected by declines in credit card purchases, goods exports in mixed-to-high-technology industries, other services exports, goods imports, trade and services revenue, industrial production of construction inputs and mixed–high-technology products, real wage payments, and gasoline consumption. In contrast, tax data and actual GDP for the third quarter moderated the decline in the index.