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Israel: Composite State of the Economy Index drops at sharpest pace since October 2023 in June
Latest reading: The Bank of Israel’s Composite State of the Economy Index dropped 0.67% month-on-month in seasonally adjusted terms in June (May: -0.17% mom). June’s figure marked the worst reading since October 2023 and was linked to the war with Iran, which limited business opening times and airline activity.
On an annual basis, economic activity rose 0.2% in June, which was below May’s 0.8% expansion and marking the worst result since September 2024.
