Index of Economic Activity ‘Virtually’ Unchanged in October

Jerusalem, 19 November, 2025 (TPS-IL) — The Bank of Israel reported that the monthly Index of Economic Activity was virtually unchanged in October, following an increase in September that reflected the emergence from Israel’s military operation against Iran. The index this month reflects the average monthly growth estimate from August to October.

The Index was negatively influenced by declines in credit card purchase data, mainly in August and October, data on goods exports in the mixed-high technology industries in August and September, data on other services exports in August, data on goods imports in August and October, trade and services revenue and industrial production of construction inputs and of mixed-high technology in August, labor market data regarding real wage payments in August, and gasoline consumption in September.

In contrast, indirect tax and income tax data for September, and actual GDP for the third quarter moderated the decline in the Index.

The Index for the past two months was revised upward with the completion of data that were previously missing, including actual GDP data for the third quarter.