The Bank of Israel announced on Sunday that its Composite State of the Economy Index for October 2017 increased by three tenths of a percent, similar to its rate of increase in the past two months.
The increase in the Index in the past three months indicates expansion of economic activity at a more rapid pace than between April and July. It was positively impacted this month by the increase in imports of manufacturing inputs during the month and by the increase in industrial production in September. An increase in tourist entries in October was reflected in an increase in services exports. The rate of increase was moderated by declines in the import of consumer goods in October and in the retail trade and services revenue indices in September.