Composite State of the Economy Index Up in May
The Bank of Israel reported that the Composite State of the Economy Index increased in May by 0.11%, reflecting a pace of growth that was ...
Jerusalem, 29 June, 2025 (TPS-IL) — The Bank of Israel reported that the Composite State of the Economy Index increased in May by 0.11%, reflecting a pace of growth that was slower than the long-term average.
The Index was positively influenced by increases in goods exports, the job vacancy rate, and credit card purchases (May), and the Industrial Production Index (April), said the Bank. In contrast, the imports of consumption goods and imports of production inputs (May), the services revenue index (April), and services exports and building starts (March) declined, which negatively influenced the index.
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.
























