Israel-Gaza War, Economy

Bank of Israel: War's Effect on Economy Moderating in November

The Bank of Israel reported that its Composite State of the Economy Index showed that the negative effects of the war on the economy had moderated in November, its second month.

The stock market did tumble in October due to the war, but is now moderating and even showing positive trends. (Photo: Andy.LIU/Shutterstock)

The Bank of Israel reports that according to its Composite State of the Economy Index, Israel's numbers have improved from a -1.81 drop in October to -0.71 - about the same number as in September (-0.64).

Moreover, there are a number of signs of moderate growth such as goods exports w/o agriculture (4.5 compared to -13.2 in October), credit card purchases (8.6 compared to -14.6), and electricity production (0.9 compared to -4.5).

Calcalist also reports that alongside the TA-35's moderate increase, sectors such as oil and gas, technology, and banks did well, even if not as well as countries not at war.

Inflation is also back to 3.3%, close to the 1-3% range the Bank of Israel prefers, as the US Fed also signalled its willingness to stop tightening and start loosening interest rates, which will be good news for companies seeking to borrow money on easier terms.

Interest Rates Inflation Stock Market Operation Swords of Iron Bank of Israel

Comments

Do not send comments that include inflammatory words, defamation and content that exceeds the limit of good taste.

The comment was sent successfully.
Soon the response will be examined by our editors and if it is found to be correct it will be published on the website.
The comment was sent successfully.
Soon the response will be examined by our editors and if it is found to be correct it will be published on the website.


What's killing our soldier in Gaza?

Heartbreak: The mistake that led to the fall of fighters in Gaza
1
| Eliana Fleming, JFeed Staff | 21.11.24

Even Haaretz agrees

The Feldstein affair: A security situation gone way too far 
Gila Isaacson | 21.11.24

More heartbreak: Soldier Seriously Injured by Anti-Tank Missile in Northern Gaza

IDF Soldier from Givati brigade critically wounded by anti-tank missile in Gaza
Eliana Fleming, JFeed Staff | 20.11.24

Biden, Israel, and the journey of the US President

In honor of his birthday: 10 things you didn't know about Joe Biden
4
| Eliana Fleming, JFeed Staff | 20.11.24

Profits of war

El Al’s golden quarter: $1 billion and near-full flights
5
| Avi Nachmani | 20.11.24

Blessings during battle

Warrior Rabbi welcomes new grandchild from Lebanon's front lines
1
| Gila Isaacson | 20.11.24

800 fallen warriors to save our dear Israel

Our 800th fallen soldier: Sergeant First Class (res.) Roi Sasson, HY"D, fell in battle in Gaza
2
| Avi Nachmani | 20.11.24

"Summer camp is over," Knesset revokes terrorists' benefits

"No more benefits for terrorists": Knesset passes law to end national insurance payments
5
| Eliana Fleming, JFeed Staff | 19.11.24

Crying over spilled milk

Harris would have won if she picked Josh Shapiro, poll shows
Gila Isaacson | 19.11.24

What's REALLY going on here?

OPINION: The troubling questions in Feldstein's detention story
Gila Isaacson | 19.11.24