The deterioration in business activity continues; business expectations decline in most sectors
The Business Tendency Survey, conducted monthly by the Central Bureau of Statistics (CBS), indicates that in August Israeli managers had a negative assessment of the overall balance of activities in the country (negative balance equaling -8.6).
That is to say, more managers reported a deterioration in activity than managers reporting an improvement in activity. In addition, in August the gap widened between the number of managers reporting a deterioration in activity and the number of managers reporting an improvement relative to July, for the second consecutive month. These data are not surprising in light of the worsening security situation in July – August against the backdrop of Operation Protective Edge.
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