Israel Economic Outlook
February 6, 2018Robust leading data for the fourth quarter suggests that last year’s momentum continued in the October–December period; survey data through December showed both consumer and business confidence hovering near their respective all-time highs, while economic activity trended higher in the closing months of last year. Notwithstanding, initial estimates for annualized economic growth in the third quarter were revised downwards as household spending and fixed investment both came up short against early projections. The most significant revisions, however, were left for the external sector as export growth in the quarter was slashed and import growth was revised higher.
Israel Economic GrowthFiscal policy will get even more accommodative this year, with the 2018–19 state budget set to increase spending and reduce taxes in an effort to support economic growth. Moreover, ultra-loose monetary policy will keep interest rates low and incentivize investment. Household spending will benefit from near-full employment and resilient asset values, while an improving global economy should sustain last year’s robust growth in exports. That said, a flaring-up of Israeli-Palestinian tensions could upend economic sentiment and threaten inbound tourism. Met the why particular panelists expect GDP growth of 3.3% in 2018, down 0.1 percentage points from last month’s estimate, and 3.2% in 2019.
Israel Economy Data
5 years of Israel economic forecasts for more than 30 economic indicators.
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|Bond Yield||2.11||-1.69 %||Feb 20|
|Exchange Rate||3.50||-0.37 %||Feb 20|
|Stock Market||1,364||-0.91 %||Feb 20|
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Israel Economic News
January 22, 2018
In December, the Bank of Israel’s (BoI) Composite State of the Economy Index rose 0.32% on a month-on-month basis, moderating slightly from November’s revised 0.33% rise (previously reported: +0.25% month-on-month).
January 16, 2018
A third release by the Central Bureau of Statistics (CBS) on 16 January showed that the third quarter’s acceleration was not as impressive as initially reported.
January 15, 2018
Consumer prices ticked up 0.1% on a monthly basis in December, contrasting November’s 0.3% decrease.
January 11, 2018
Exports plunged in December after growing tepidly a month earlier.
January 11, 2018
On 11 January, the Bank of Israel decided to leave the interest rate unchanged at 0.11%, citing persistently low inflationary pressures and economic growth in line with potential.