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).[1] Table 2
presents the development of components of the Index in the past few months.

 

 

Table 1: Revisions in the Composite Index

Revision

Previous data

New data

March

 

0.36

February

0.31

0.26

January

0.32

0.32

December

0.42

0.41

 

 

Table 2: Changes in the Index components in recent months

(monthly percent change, unless otherwise noted)

 

March 2017

February 2017

January 2017

December 2016

Industrial
Production Index (excluding mining and quarrying)

 

-2.3

-0.9

0.9

Services
Revenue Index (excluding education, and public administration)

 

-0.5

1.7

-0.6

Retail Trade
Revenue Index

 

-0.3

-0.6

-1.3

Imports
of consumer goods2

4.1

5.2


26.7

22.4

Imports
of manufacturing inputs (excluding fuels)2

-2.2

0.0

3.1

-1.1

Goods
exports (excluding agriculture) 2

9.1

-9.5

-1.8

0.1

Services
exports (excluding transportation) 2

 

 

2.3

-1.0

Number of
employee posts in the private sector

 

 

-0.3

-0.1

Rate of
vacant employee posts out of total number of employed people in the business
sector3

3.7

3.6

3.7

3.7

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
smoothed.

 

For additional data and explanations please click here.

http://www.boi.org.il/en/Research/Pages/ind.aspx

 

 

[1]
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.​​