The Bank of Israel published its Composite State of the Economy Index showing a 0.11 percent increase in May, indicating a pace of growth slower than the long-term average. May’s rise was supported by increases in goods exports, the job vacancy rate, credit card purchases, and the Industrial Production Index, while declines in imports of consumption goods and production inputs, the services revenue index, services exports, and building starts weighed on the measure. The Bank also issued retroactive revisions to prior months, revising April to -0.16 percent (from -0.10), March to 0.15 percent (from 0.05), February to 0.02 percent (from -0.10), January 2025 to 0.10 percent (from 0.19), and December to 0.82 percent (from 0.86).
Bank of Israel 2025-06-29
Bank of Israel reports Composite State of the Economy Index rose 0.11% in May as growth runs below the long-term average
The Bank of Israel's Composite State of the Economy Index rose by 0.11% in May, reflecting slower growth than the long-term average, with increases in goods exports and job vacancies offset by declines in imports and services. The Bank also revised previous months' data, adjusting April to -0.16%, March to 0.15%, February to 0.02%, January to 0.10%, and December to 0.82%.