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Economic Weekly

June 24, 2015


In this week's Leumi Economic Weekly Report:

  • The Bank of Israel’s July interest rate remains unchanged; yet it is quite possible that further shekel appreciation will lead to an additional interest rate cut.
  • The composite state-of-the-economy index increased in May; the index reflects an improvement in the rate of recovery in real economic activity year to date.
  • The BoI slightly lowered its growth forecast for 2015; in 2016 a slight acceleration in the growth rate is expected.
  • Despite the rise in the May unemployment rate, the overall data continue to indicate resilience in the labor market.


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