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CBS: Israel's Consumer Confidence Indicator declined to -22% in May

Consumer Confidence in Israel averaged -24.02 from 2011 until 2015, reaching an all time high of -12.65 in June of 2011
14.06.15 / 10:17
CBS: Israel's Consumer Confidence Indicator declined to -22% in May
14.06.15
CBS: Israel's Consumer Confidence Indicator declined to -22% in May

The Central Bureau of Statistics (CBS) reported that Consumer Confidence in Israel decreased to -22 in May of 2015 from -16 in April of 2015.

 

Consumer Confidence in Israel averaged -24.02 from 2011 until 2015, reaching an all time high of -12.65 in June of 2011 and a record low of -38.47 in September of 2012.

 

The Consumer Confidence indicator measures the expectations that consumers have about changes in their household financial situation; the country´s general economic situation; unemployment levels and their household saving plans over the next 12 months.

 

The indicator is an arithmetic mean, with equal weights, calculated from the combination of responses to 4 questions based on a sample of around 759 people, aged 21 and over. Consumer confidence is measured on a scale of -100 to 100, where -100 indicates an extreme lack of confidence, 0 neutrality and 100 extreme confidence. 

 

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