Capital Market

President of the Manufacturers' Association Ron Tomer The damage to the entire economy from the three days of fighting is estimated at five hundred and forty million shekels. According to him, the Israeli industry continues to produce under fire with a poorer presence of workers The Manufacturers' Association's estimate is based on the assumption that about a third of the employed in the south of the country were absent from work and ten percent of the workers in the center of the country Following the riots and riots across the country: tens of millions of shekels in damage to...

The Israeli economy contracted by 1.7% in the first quarter of 2021, relative to the fourth quarter of 2020. The decline in GDP, according to a first estimate by the Central Bureau of Statistics, was mainly due to the consequences of the corona crisis - the sharp closure in January and February. On an annual basis, there was a decrease of 6.5% in GDP compared to the fourth quarter of 2020 The negative data for the quarter contradict the early forecasts of analysts, who believed that the Israeli economy would actually continue to recover after emerging from the corona crisis. For example,...

The number of job vacancies in April was about 130.3 thousand, and this is again the highest estimate observed since the beginning of the survey in 2009. This is according to data from the Central Bureau of Statistics. According to the data, along with the broad opening of the economy last month, the number of job vacancies actually continues to rise, with the previous record also recorded in March with about 112,500 job vacancies. According to the data, the vacancy rate in April was 4.86% compared to 4.63% in the previous month. The vacancy rate in the hospitality and food industries...

The Employment Service report, the first part of which is published today, shows that the number of jobseekers claiming unemployment stood at 490,855 in April, and decreased by 14.4% compared to March. The cumulative number of all jobseekers also decreased by 13.6%. Regarding this figure, it should be noted that most of the decrease was recorded among jobseekers who were on unpaid leave. The number of job seekers registered is the lowest since the second closure. There was also a significant improvement in the number of job seekers in relation to each vacancy: in April the best figure was...

Customers from all over the country came to support businesses in the southern region after the ceasefire after 11 days of fighting. They did shopping to sit in containers in the city, and so people had to wait in long minutes until a table became available for them. In Ashkelon, too, the cafes were filled with people today, and in Roja's coffee, the parliaments returned. "We are returning to life in Ashkelon, everything is full, after two difficult weeks." "We waited patiently for the operation to end," says Herzl Gabriel, who arrived with his family from Tel Aviv. "We came to support the...

The OECD has published an optimistic forecast according to which the Israeli economy is expected to grow by 5% this year, and by 4.5% in 2022. Although current growth forecasts for the global economy (5.8%) and the countries of the organization (6.3%) are higher than for Israel, it is worth considering two additional data: The decline in Israel's GDP as a result of the corona crisis was lower than in the world and the West Of 3.5% and 4.8% respectively), but the expected growth rate next year is higher in Israel than in the rest of the world and the Western world (as mentioned, an increase...

seems that the economy is emerging from the corona crisis, but it seems that many low-wage earners have not yet returned to work, and as a result, the average wage in Israel for Israeli workers soared to a peak of NIS 12,740 in March. This is an increase of 5.5% compared to February, when the average salary was NIS 12,079. Even the wages of foreign workers soared to NIS 7,045, an increase of more than 10% compared to the previous month, when their wages were only NIS 6,316. From data from the Central Bureau of Statistics (CBS), it can be learned that the preference of quite a few workers...

The chief economist of the Ministry of Finance, Shira Greenberg, updates upwards the inflation forecast for 2021, the rate of price increase during 2021 will be 2.2%. "In the coming year we are expected to see an increase in inflation due to the recovery of the economy, an increase in private consumption due in part to an increase in private savings and an increase in energy prices," read its review published today. In Israel, like other developed countries in the world, inflation expectations have risen since the beginning of the year - expectations derived from the capital market stand...

Prices continue to rise: The consumer price index rose by 0.4% in May, very close to various forecasts. Since the beginning of the year, the index has risen by 1.5%. This means that for the first time in two years, inflation in Israel - which reflects the rise in the index in the last 12 months - is within the target range (annual inflation of 1% -3%). Apartment prices, which are not part of the consumer price index, are also rising. Housing prices jumped by 1% in transactions made in March-April 2021, compared with February-March 2021. Since the beginning of the year, housing prices have...

At a meeting of the Finance Ministry's management this morning, Finance Minister Avigdor Lieberman announced that after a discussion with the ministry's professionals, he approved in principle Israel's joining the proposed digital economy taxation outline, ahead of the outline approval by the OECD designated committee on June 30, 2021. Lieberman: "The economy is becoming more and more global and we are required to take policy measures in cooperation with other countries. The Ministry of Finance will work to ensure that the Israeli economy meets international standards in various fields,...