The Bank of Israel's Composite State of the Economy Index for January 2016 increased by 0.2%.
The Index increased last month due to the figure for growth of business sector product, which increased by 3.3% in the fourth quarter of 2015, and despite the decline in the other components of the Index.
Data on business sector product growth are not available when the monthly Composite Index is published, but they are included in it with a lag and impact on the Index’s trend.
The positive trend of the Index reflects the assessment that the basic rate of growth of the economy is positive. The publication of growth data led to an upward revision of the Composite Index data for previous months.
Among the declines in monthly components, the decline in imports of manufacturing inputs was notable this month. The other monthly components declined by a moderate rate.