The Bank of Israel published its monthly Index of Economic Activity showing a 1.8 percent increase in September. The regular Index reflects average monthly growth from July to September, including July’s recovery from the temporary reduction in activity during Israel’s military operation against Iran, while a four-month average that smooths this volatility shows growth of 0.2 percent in September, below the long-term trend of about 0.3 percent. The regular Index was supported by increases in credit card purchase data, goods imports and exports in July and September, trade revenue and industrial production in July, and labour market data for July to September. Negative contributions came from the US purchasing managers index in July and August and gasoline consumption data. Readings for recent months were revised upward due to the excessive volatility of the reference period and the completion of previously missing data.
Bank of Israel 2025-10-29
Bank of Israel reports September Index of Economic Activity up 1.8 percent
The Bank of Israel's monthly Index of Economic Activity reported a 1.8% increase in September, with a four-month average growth of 0.2%, below the long-term trend. The index was bolstered by credit card purchases, trade, and labor market data, while negative contributions included the US purchasing managers index and gasoline consumption.