The Bank of Israel published its Monthly Index of Economic Activity showing rapid average monthly growth over April to June, with the pace running above the long-term growth trend of about 0.3 percent. The bank said the strength mainly reflects the low level of activity recorded in March during Operation Roaring Lion dropping out of the index, while the local indicators available for June pointed to stability or some further increase. The index was supported by credit card purchases, goods exports, and imports of consumption goods and manufacturing inputs in April and May. Additional positive contributions came from trade and services revenue and industrial production in April, labor market data and the retail trade index in May, and gains in the Tel Aviv Stock Exchange General Shares Index and the Nasdaq Index in May. The previous two months were revised upward as missing data were completed and after an additional downward revision to first-quarter 2026 growth data.
Bank of Israel2026-07-15
Bank of Israel reports economic activity index grew above trend in April to June as March weakness dropped out
The Bank of Israel said its Monthly Index of Economic Activity showed rapid average growth in April to June, above the long-term trend, largely because the weak March reading during Operation Roaring Lion dropped out of the comparison. June indicators suggested stability or some increase, and the prior two months were revised upward.