The Melnick State of the Israeli Economy Index Update

תפריט

04/05/2025

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The Melnick State of the Israeli Economy Index rose by 0.3% in March 2025, reflecting a slight increase in business sector activity.

At the beginning of 2024, there was a slight increase in business sector activity. There is a rise in revenue in the economic branches, which represents domestic demand and primarily private consumption, after the speculative fluctuation that occurred following the increase in the VAT rate. A similar development is also evident in the industrial production index, which represents the supply side of the business sector.

The import index, which consists mainly of inputs for domestic production, changed direction, but it is too early to announce a trend after its continuous decline for several months. The number of employee posts in the business sector decreased and its level is still lower than before the outbreak of the war.

February index components:

• Industrial production index: increased by 1.9% in February, after a decrease of 4.0% in January.

• Revenue in the economic branches: increased by 3.1% in February, after a decrease of 7.8% in January.

• Import index: increased by 5.3% in March, after a decrease of 3.2% in February.

• Number of employee posts in the business sector: decreased by 0.2% in January, after a 0.8% increase in December.