Israel: Consumer sentiment improves while businesses are less confident in December
January 11, 2016
The business confidence index elaborated by the Central Bureau of Statistics (CBS) dropped from 2.2 in November to 1.3 in December, thus hitting an eight-month low. According to the CBS, December’s decrease was due to a deterioration in the majority of the sub-components that comprise the index.
However, the consumer confidence index increased from minus 19.1 in November to minus 17.5 in December, thus marking the highest reading in 11 months. Despite the monthly increase, consumer confidence remains in negative territory.
Author: Dirina Mançellari, Senior Economist