The Bank of Israel announced on Sunday that its Composite State of the Economy Index for February increased by 0.31 percent, continuing the increase at a similar pace during 2018.
The index was positively impacted by growth in most of its components, particularly increases in the export of goods and the import of consumer goods, and by increases in the Industrial Production Index and in indices of retail trade and services revenue in January. The rate of growth was moderated by a decline in the job vacancy rate. The readings for previous months were revised upward, due to the release of the building starts data for December which indicated an increase in their scope.