The Bank of Israel's Composite State of the Economy Index increased by 0.3% in July 2015, similar to its average rate of growth in recent months.
The Composite Index for July was positively influenced by increases in goods exports and in services exports in July, and by June’s increase in industrial production and in trade revenue and in services revenue.
In contrast, the decline in consumer goods imports and the decline in the job vacancy rate moderated the increase of the index. A decline in business sector product in the second quarter led to a slight downward revision of the index’s growth in previous months.
