Israel: Decline in Composite State of the Economy Index softens in November
The Bank of Israel’s Composite State of the Economy Index slid 0.71% in month-on-month seasonally adjusted terms in November, which was a smaller contraction than October’s 1.81% decrease.
On an annual basis, economic activity fell at a more pronounced rate of 1.5% in November (October: -0.6% yoy), the worst result since June 2020.