Leading and composite indicators · Israel
Israel Composite Economic Index MoM
The Israel Composite Economic Index MoM combines several economic series for Israel into one index meant to show where the economy is (coincident) or where it is heading (leading).
- Importance
- Low
- Released
- Monthly
- Currency
- ILS · Israeli shekel
- Central bank
- The Bank of Israel
Latest figures
The latest release for JUL, published on 28 August 2025, came in at -0.64%, up from -1.62% the time before (revised).
Over the last 8 releases it ranged from -0.67% to 0.70%, averaging 0.03%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 28 Aug 2025 | JUL | -0.64% | – | -1.62% ® |
| 30 Jul 2025 | JUN | -0.67% | – | -0.17% ® |
| 1 Jul 2025 | MAY | 0.1% | – | -0.2% ® |
| 27 May 2025 | APR | -0.1% | – | 0.05% ® |
| 30 Apr 2025 | MAR | 0.25% | – | 0.32% ® |
| 27 Mar 2025 | FEB | 0.02% | – | 0.18% ® |
| 25 Feb 2025 | JAN | 0.6% | – | 0.9% ® |
| 24 Jan 2025 | DEC | 0.7% | – | 0.1% ® |
Why it matters
No single statistic is reliable; a composite gives an early, smoother signal of turning points in the business cycle.
How it is calculated
Components such as new orders, building permits, share prices, credit and jobless claims are standardised and averaged; the index is reported as a level and a change.
What changes mean
- Several months of decline in a leading index have often preceded recessions, with false alarms.
- Markets usually react little because most components are already known.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Israeli shekel and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Israeli shekel tends to soften and markets price in lower rates.
A short history
Wesley Mitchell and Arthur Burns at the National Bureau of Economic Research developed leading indicators in the 1930s; the Conference Board publishes the best-known US index today.
Questions
What is the Israel Composite Economic Index MoM?
The Israel Composite Economic Index MoM combines several economic series for Israel into one index meant to show where the economy is (coincident) or where it is heading (leading).
What was the latest Israel Composite Economic Index MoM?
-0.64% for JUL, published on 28 August 2025.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.