Composite State-of-the-Economy Index

The index is a synthetic cyclical indicator for examining the direction in which real economic activity is moving, in real time. It is calculated from the monthly changes in ten components that reflect different aspects of real

​The Composite State-of-the-Economy Index is a synthetic indicator for examining the direction of the development of real economic activity, in real time. It is calculated based on 10 different indicators: the industrial production index; the trade revenue index; the services revenue index; consumer goods imports; imports of manufacturing inputs; goods exports; services exports; the number of employee posts in the private sector; the job vacancy rate and the number of building starts. The Index is calculated by the Bank of Israel's Research Department once a month, close to the date that the Industrial Production Index is published by the Central Bureau of Statistics.

 

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