Israel: Composite State of the Economy Index increases marginally in November
Latest reading: The Bank of Israel’s Composite State of the Economy Index rose just 0.03% month-on-month in seasonally adjusted terms in November (October: 0.03% mom), as activity continued to be hampered by the war.
The index was positively influenced by increases in imports of consumption goods, imports of production inputs, credit card purchases, retail trade revenue, employee posts, and building starts. In contrast, declines in goods exports, services revenue, and services exports negatively influenced the index.
On an annual basis, economic activity grew 1.5% in November, which was above October’s 1.0% expansion.