Israel Consumer Confidence Index rose 2.1 points

The Present Situation Index was up by 4.3 points and the Expectations Index edged 0.6 points higher. consumer confidence in Israel has fluctuated for the past few months around relatively high levels
 
Bank Hapoalim and TNS Teleseker’s Consumer Confidence Index rose by 2.1 points in June to 133.9 (Apr. 2002 = 100). The Present Situation Index was up by 4.3 points and the Expectations Index edged 0.6 points higher.
 
According to Bank Hapoalim’s economists, consumer confidence in Israel has fluctuated for the past few months around relatively high levels. In line with labor market data releases, respondents’ assessment of employment conditions has reached one of the highest levels ever recorded.
 
April’s unemployment rate fell to 5.8%. The less favorable consumer shopping sentiment, based on the survey’s sampling, may be attributable to the high level of apartment prices in Israel. Results may also have been affected by the wave of protests over food price hikes, even though the survey itself focuses on durable goods.
 
The Consumer Confidence Index of Bank Hapoalim and TNS in Israel is based on a TNS Teleseker monthly poll covering a national sample of 1,000 respondents representing the vast majority of the adult (18+) population of Israel. The CCI index has been published in Israel since April 2002.
 
TNS, a leading global marketing information group, conducts similar CCI polls in 18 countries worldwide including the conference Board CCI in the USA and the Nationwide CCI in the UK. Numerous studies show that consumer confidence indices are a leading indicator of developments in the private consumption.