The Central Bureau of Statistics (CBS) reported that Consumer Confidence Index (CCI) in Israel remained unchanged at -25 in October of 2014 from -25 in September of 2014.
The CBS noted in its report that the Consumer Confidence in Israel averaged -24.38 from 2011 until 2014, reaching an all-time high of -12.65 in June of 2011 and a record low of -38.47 in September of 2012.
To reach the CCI figure,the CBS measures the expectations that consumers have about changes in their household financial situation; the country´s general economic situation; unemployment levels and their household saving plans over the next 12 months.
The indicator is an arithmetic mean, with equal weights, calculated from the combination of responses to 4 questions based on a sample of around 759 people, aged 21 and over. Consumer confidence is measured on a scale of -100 to 100, where -100 indicates an extreme lack of confidence, 0 neutrality and 100 extreme confidence.
