Bank of Israel: State of Economy Index drops

The July State of the Economy Index noted an increase in industrial output index, the trade and services proceeds index, and in imports of goods
 
The Bank of Israel (BoI) reported last week that the State of the Economy Index fell by 0.3% in July, providing further evidence of a slowdown.
 
The composite state-of-the-economy index is a synthetic cyclical indicator for examining the direction in which real economic activity is moving, in real time.
 
The July State of the Economy Index noted an increase in industrial output index, the trade and services proceeds index, and in imports of goods. These gains were offset by a decline in the exports of goods and services.
 
The industrial output index rose by 5.5% in June after falling 3.7% in May. The trade and services proceeds index rose by 2.5% in June after falling 4.2% in May. The exports of services index fell 6.3% in July after falling 1% in June. The exports of goodsindex fell 2.2% in July after rising 9.7% in June. The imports index rose by 5.9% in July after rising 9.4% in June.