The Composite State of the Economy Index in Israel rose by 0.24 percent month-on-month in November of 2019, following a downwardly revised 0.28 percent increase in October. The sub-indexes measuring consumer goods imports (-7.76 percent vs 9.97 percent in October) and production input imports (-0.95 percent vs 3.29 percent) fell. At the same time, the gauge of goods exports dropped 1.18 percent, after increasing 6.81 percent in the prior month. Leading Economic Index in Israel averaged 0.35 percent from 1975 until 2019, 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 0.20 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.