TPS: The Monthly Index of Economic Activity Increased by 0.4% in August
The Bank of Israel's monthly Index of Economic Activity grew 0.4% in August, driven by imports and tax receipts.
Jerusalem, 16 September, 2026 (TPS-IL) — The Bank of Israel reported that The Monthly “Index of Economic Activity” increased by 0.4% in August.
The Index this month, said the Bank, reflects the average monthly growth estimate for the three months from June to August. The Index was positively affected by imports of consumption goods and of manufacturing inputs, and by VAT and indirect tax receipts in August.
Actual GDP figures for the second quarter also contributed positively to the Index. In contrast, credit card purchases, goods exports—particularly manufacturing exports, the retail trade index, employee post figures, and the NASDAQ 100 index in July, as well as job vacancy figures for August, moderated the increase in the Index.
The pace of increase of the index is above the long-term growth trend (about 0.3%).