The Bank of Israel’s Composite State of the Economy Index for March 2017
increased by 0.4 percent, similar to the average during 2016. The Composite
Index was positively affected this month by an increase in the import of consumer
goods and in goods exports. In contrast, the increase in the Index was
moderated in February by the decline in the Industrial Production Index and in
the trade and services revenue indices.
There were no major revisions in the index readings for previous
months (Table 1). Table 2
presents the development of components of the Index in the past few months.
Table 1: Revisions in the Composite Index
Table 2: Changes in the Index components in recent months
(monthly percent change, unless otherwise noted)
2 Foreign trade
indices are quantitative (in contrast to CBS monthly foreign trade indices).
3 The job
vacancy rate is included in the Index at its level, seasonally adjusted and
For additional data and explanations please click here.
Changes made by the Central Bureau of Statistics in the series on the job
vacancy rate, and the resulting revision of the index weights, led to an
increase in the weight of the job vacancy rate and an upward revision of the
Index during 2016.