The Bank of Israel's Composite State of the Economy Index for July 2018 increased by four tenths of a percent.
Announcing the increase, the bank said, "The growth rate of the Index has accelerated in recent months after some slowing in March and April. The Index for July was positively impacted by increases in consumer goods imports, in imports of manufacturing inputs, and by the renewed increase in the job vacancy rate in July. In contrast, the decline in services exports as well as in indices of retail trade revenue and of services revenue in June moderated the growth rate of the Index."