The Bank of Israel's Composite State of the Economy Index increased by 0.24 percent month-on-month in December 2018, following a downwardly revised 0.26 percent growth in the previous month, central bank data showed. It was the lowest reading since September, mainly dragged by a fall in import of consumer goods (-0.1 percent vs 5.7 percent in November) and a slump in imports of manufacturing inputs (-3.5 percent vs 5.7 percent). In contrast, good exports rose 1.8 percent, after decreasing 3.7 percent in a month earlier. At the same time, the index of job vacancy rate edged up (3.7 percent vs 3.6 percent). Leading Economic Index in Israel averaged 0.35 percent from 1975 until 2018, reaching an all time high of 1.11 percent in May of 1991 and a record low of -0.65 percent in February of 1980.
Leading Economic Index in Israel is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Israel to stand at 0.28 in 12 months time. In the long-term, the Israel Leading Economic Index is projected to trend around 0.30 percent in 2020, according to our econometric models.