Israeli Consumer Confidence Index for November 2012 up 3.1 points

The Present Situation index went up by 6.1 points, and the Expectations Index rose by 1.0 points
 
Bank Hapoalim’s and TNS Teleseker’s Israeli Consumer Confidence Index rose by 3.1 points in November to a level of 126.6 (April 2002=100). The Present Situation index went up by 6.1 points, and the Expectations Index rose by 1.0 points.
 
November came after four months of downturn in the index. The period covered by the survey included the interlude following the end of the Pillar of Defense operation in Gaza, and it is possible that the restoration of calm following the hostilities may have affected the results. Economic indicators for recent months show a slack state of activity.
 
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.