Bank Hapoalim's consumer confidence index supports the continued expansion of private consumption

Posted on Oct 9, 2019 by Ifi Reporter

Bank Hapoalim's consumer confidence index dropped slightly in September, but its level remains high relative to the past. The drop in confidence
Consumers are in line with the trend of parallel metrics in the world, probably due to the increase in political uncertainties.
Despite the decline this month, the index level in Israel is high relative to the past and it supports the continued expansion of private consumption.
Indicators of private consumption published by the CBS in the past month indicate a continued rise in private consumption - purchases
Credit cards rose 4.3% year-on-year in June-August 2019, following a 9.3% increase over the three months
Previous. The good condition of the Israeli consumer is also reflected in the increase in travel abroad: in January-September this year
There were 7.1 million overseas departments of Israelis, an increase of 5.0% compared to the same period


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