Tel Aviv, May 1 (ANI/TPS) – Israel’s Composite State of the Economy Index rose by 0.25% in March, signaling moderate economic growth in the first quarter of 2025, according to the Bank of Israel.
Upward revisions for January and February further reinforce the trend of steady improvement in economic activity.
Key contributors to the March increase included:
- Higher imports of consumer goods and production inputs
- Growth in goods exports
- Increased credit card purchases
- Positive industrial production and retail trade performance (February)
However, the Index was negatively affected by a decline in:
- Services exports
- Private sector employee posts (January data)
The Composite Index serves as a real-time barometer of Israel’s economic momentum and is calculated monthly by the Bank of Israel’s Research Department using 10 economic indicators, including:
- Industrial production
- Retail and services revenue
- Imports and exports
- Employment data
- Building starts
This latest update suggests that despite ongoing challenges, Israel’s economy is maintaining a steady, albeit moderate, recovery trajectory.