The Bank of Israel published its monthly Index of Economic Activity, showing a 0.3% increase in December. The reading reflects the average monthly growth estimate for the three months from October to December and is described as broadly in line with the long-term growth trend of about 0.3%. The increase was supported by credit card purchases data for November, goods export data for October and December, exports of other services and tourism services in September and October, labor market and indirect tax data in October and November, income tax and health tax receipts in November, equity index developments on the Tel Aviv Stock Exchange and Nasdaq in recent months, and gasoline consumption data for November. Retail trade data for October and November and imports of durable consumption goods for October and December moderated the overall rise, while the November index level was revised slightly upward as previously missing data were completed.
Bank of Israel 2026-01-14
Bank of Israel reports monthly economic activity index rose 0.3% in December
The Bank of Israel's monthly Index of Economic Activity rose by 0.3% in December, aligning with the long-term growth trend. The increase was driven by various economic indicators, including credit card purchases, goods exports, and labor market data, while retail trade and durable goods imports moderated the rise.