Index readings for October and November were revised upward due to the positive influence of business sector growth figures, while the index for December was revised downward due to the negative influence of the manufacturing and revenue indices for December, which were published this month (Table 1). Table 2 presents the development of components of the Index in the past few months.
Table 1: Revisions in the Composite Index
Revision |
Previous data |
New data |
January |
|
0.23 |
December |
0.45 |
0.35 |
November |
0.36 |
0.48 |
October |
0.30 |
0.42 |
Table 2: Changes in the Index components in recent months
(monthly percent change, unless otherwise noted)
January 2017
December 2016
November 2016
October 2016
Industrial Production Index (excluding mining and quarrying)
-0.4
4.5
-1.6
Services Revenue Index (excluding education, and public administration)
-1.1
1.2
-0.9
Retail Trade Revenue Index
-2.2
4.9
-2.1
Imports of consumer goods1
- 27.8
26.4
-3.0
1.9
Imports of manufacturing inputs (excluding fuels)1
3.0
-2.1
0.3
-1.1
Goods exports (excluding agriculture) 1
0.1
0.3
9.6
0.1
Services exports (excluding transportation) 1
-1.8
2.6
Number of employee posts in the private sector
0.2
0.0
Rate of vacant employee posts out of total number of employed people in the business sector2
3.8
3.7
3.8
3.7
Building starts3
1 Foreign trade indices are quantitative (in contrast to CBS monthly foreign trade indices).
2 The job vacancy rate is included in the Index at its level, seasonally adjusted and smoothed.
3 Since the Central Bureau of Statistics stopped publishing monthly figures on building starts, beginning in July 2016 the method of calculation of the building starts component of the Index was changed. The component is calculated at a quarterly frequency, and the change (seasonally adjusted, in percent) is attributed to the last month of the quarter for which the figure is published. The last figure published is for the third quarter of 2016 (attributed to September), and shows a decline of 1 percent. The other months in the quarter are missing values for which the variable value is estimated in the model.
For additional data and explanations please click here.
http://www.boi.org.il/en/Research/Pages/ind.aspx
Monthly data (part A) and percent changes (part B)
State of the Economy Index- Long term data
State of the Economy Index- Diagrams