The Central Bureau of Statistics (CBS) reported that Consumer Confidence Indicator (CCI) in Israel decreased to -22% in September from -17.80 in August of 2015.
Consumer Confidence in Israel averaged -23.69 from 2011 until 2015, reaching an all time high of -12.65 in June of 2011 and a record low of -38.47 in September of 2012.
The CCI is generally defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending. 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.
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.
