The Central Bureau of Statistics (CBS) reported that Consumer Confidence in Israel increased to - 17.5 in December 2015 from - 19.1 in November of 2015. The CBS noted that the Consumer Confidence in Israel averaged -23.53 from 2011 until 2015, reaching an al-time high of -12.65 in June of 2011 and a record low of -38.47 in September of 2012.
The CBS uses the Consumer Confidence indicator to gather assessments regarding changes expected in the economic situation, assessments upon which the Consumer Confidence Indicator is based.
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. The Consumer Confidence Survey is an obligatory survey for member countries of the OECD (Organization for Economic Co-operation and Development, with 34 developed countries as members). Since Israel joined the OECD, this survey has been conducted by the Central Bureau of Statistics on a monthly basis.
