The Central Bureau of Statistics (CBS) reported that Consumer Confidence in Israel increased to -29.74 in August of 2013 from -32.42 in July of 2013.
Israel Consumer Confidence averaged -23.63 from 2011 until 2013, reaching an all time high of -12.65 in June of 2011 and a record low of -38.47 in September of 2012.
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.
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.
