Israel: Composite State of the Economy Index records best reading since December 2023 in December
Latest reading: The Bank of Israel’s Composite State of the Economy Index increased 0.68% in month-on-month seasonally adjusted terms in December, which was above November’s 0.08% increase. The print marked the best reading since December 2023, and was driven in part by the ceasefire reached with Hezbollah in late November. That said, the index was still below its pre-war level.
November’s expansion was driven by increases in imports of production inputs, goods exports, and credit card purchases, as well as industrial production and retail trade revenue. In contrast, declines in imports of consumption goods, services revenue, services exports, and employee posts negatively impacted the index.