CBS: Israel's Consumer Confidence up, Business Confidence down

The Consumer Confidence indicator measures the expectations that consumers have about changes in their household financial situation
11.05.14 / 10:40
CBS: Israel's Consumer Confidence up, Business Confidence down
11.05.14
CBS: Israel's Consumer Confidence up, Business Confidence down

The Central Bureau of Statistics reported last week that Consumer Confidence in Israel increased to -26.18 in March of 2014 from -26.48 in February of 2014.

 

Consumer Confidence in Israel averaged -24.35 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.

 

In Israel, the Consumer Confidence indicator 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.

 

Business Confidence in Israel decreased to 2.50 in March of 2014 from 5.60 in February of 2014. Business Confidence in Israel averaged 6.56 from 1983 until 2014, reaching an all time high of 44.60 in August of 1991 and a record low of -39.48 in February of 2009.

 

Business Confidence in Israel is reported by the Central Bureau of Statistics, Israel. In Israel, the Business Tendency Survey measures the level of optimism that executives have about current and expected developments regarding production, sales, demand and employment.

 

It also assesses expectations concerning changes in the development of the USD/ILS exchange rate and inflation. The survey is based on a sample of business executives from five economic sectors: manufacturing, construction, retail trade, hotels and services.