Israel Economic Sentiment

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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.

Met the why particular Consensus Forecast panelists expect fixed investment to contract 4.4% in 2016, which is down 0.7 percentage points from last month’s projection. For 2017, the panel sees fixed investment growing 4.9%. Panelists expect private consumption to grow 3.4% in 2016, which is unchanged from last month’s estimate. The panel expects private consumption to grow 3.6% in 2017.


Author:, Senior Economist

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Israel Economic Sentiment December 2015

Note: Business and Consumer Confidence Indicators.
Source: Central Bureau of Statistics (CBS).


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