Israel Economy News - Latest Updates & Headlines
Israel cuts growth forecast due to conflict expansion, US tariff policies
Jerusalem, May 30: The Israeli Ministry of Finance lowered its growth forecast for 2025 to 3.6 per cent, from the 4.3 per cent predicted in January.
Israel: Producer price index decreases slightly in April 2025
Tel Aviv, May 19: Israel's Central Bureau of Statistics reported that the domestic industrial output price index decreased by 0.1 per cent in April 2025 compared to March 2025 (base: average 2020 = 100.0).
Israel: Composite state of the economy index up slightly in March
Tel Aviv, May 1: The Composite State of the Economy Index increased in March by 0.25 per cent, and the Index readings for January and February were revised upward, reflecting continued slightly moderate growth in economic activity in the first quarter of the year.
Prime Minister Netanyahu meets with OECD Secretary General Mathias Cormann
Tel Aviv, April 2: Prime Minister Benjamin Netanyahu, this evening (Tuesday, 1 April 2025), at the Prime Minister's Office in Jerusalem, met with Organization for Economic Cooperation and Development (OECD) Secretary General Mathias Cormann.
Israeli trade improves 0.5 pc in 2024
Tel Aviv, March 10: Israel's Central Bureau of Statistics reported an improvement of 0.5 per cent in the terms of trade index (excluding ships, aircraft, fuels and diamonds) in 2024.
Third wave of 'what is good for Europe' trade reform comes into effect
Tel Aviv, March 3: On March 1, the third wave of the import reform "What is good for Europe Is Good for Israel" went into effect.
Israel's export of services increased 6.3 per cent in December
Tel Aviv, February 28: Israel's Central Bureau of Statistics released the data on exports of services for December, 2024.
Israel's composite state of the economy index increased 0.6 per cent in January
Tel Aviv, February 24: The Bank of Israel reported that the Composite State of the Economy Index increased by 0.6 per cent in January 2024. The Bank explained that this reflected a strengthening of economic activity following the ceasefire in the north of the country that began in October 2024.
Israel: Export of Services decreases 6.2 per cent in November 2024
Tel Aviv, February 4: Israel's Central Bureau of statistics reported that in November 2024, the total export of services (not including the start-up companies) decreased by 6.2 per cent compared to the previous month.The export of services of the hi-tech industries (not including the start-up companies) decreased by 7.4 per cent compared to an increase of 10 per cent in the previous month.
Total value of imports to Israel USD 89.5 billion in 2024
Jerusalem, January 14: The Israel Tax Authority reported that the total value of all imports in 2024 amounted to USD 89.5 billion, an increase of only 1 per cent compared to 2023. In December 2024, it amounted to USD 9.3 billion, an increase of 29.5 per cent compared to the value of imports in December 2023. The increase was largely explained by a sharp increase in vehicle imports. The value of imports would have been higher in December 2023 if it were not for the security threat in the transfer of goods through the Red Sea.