The Bank of Israel's Composite State of the Economy Index for December 2017 increased by 0.32 percent, similar to its average rate of increase throughout 2017. The index was positively impacted by an increase in the import of consumer goods and the import of manufacturing inputs in December, and by an increase in industrial production and in services revenue in November. The Index’s growth rate was moderated by a slight decline in goods exports in December.
The index increased by 4 percent in 2017. The trade and services revenue indices, which reflect the expansion of domestic demand, led the increase, while industrial production and the goods and services export indices also contributed to the increase.