The Bank of Israel's Composite State of the Economy Index for November increased by a quarter of a percent, similar to its rate of increase in the past two months. The Index indicates continued expansion in activity at the economy’s potential growth rate.
The bank said, "The Index was positively impacted this month by an increase in imports of consumer goods and of manufacturing inputs in November and by the increase in retail trade and services revenue in October. The Index’s growth rate was moderated by the decline in the Industrial Production index in October, the decline in services exports in September, and the new quarterly figure on building starts, which declined in the third quarter."