Business Confidence in Israel increased to 4.80 points in August from -0.20 points in July of 2020. It is the highest reading since February, before the coronavirus crisis.

Business Confidence in Israel averaged 9.67 points from 1983 until 2020, reaching an all time high of 44.60 points in August of 1991 and a record low of -39.48 points in February of 2009. This page provides - Israel Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Business Confidence in Israel is expected to be 5.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Israel to stand at 16.00 in 12 months time. In the long-term, the Israel Business Confidence is projected to trend around 20.00 points in 2021, according to our econometric models.

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Israel Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
4.80 -0.20 44.60 -39.48 1983 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-06-08 10:00 AM May -10.4 -19 -21
2020-07-05 11:00 AM Jun -0.5 -10.4 -7
2020-08-05 11:00 AM Jul -0.2 -0.5 -1
2020-09-07 08:40 AM Aug 4.8 -0.2 1.5
2020-10-14 11:00 AM Sep 4.8 5
2020-11-05 11:00 AM Oct
2020-12-06 11:00 AM Nov

Israel Business Confidence
In Israel, the Business Tendency Survey measures the level of optimism that executives have about current and expected developments regarding production, sales, demand and employment. It also assesses expectations concerning changes in the development of the USDILS exchange rate and inflation. The survey is based on a sample of business executives from five economic sectors: manufacturing, construction, retail trade, hotels and services. The Business Confidence is measured on a scale of -100 to 100, where levels above 0 indicate optimism, 0 neutrality and below 0 pessimism.