That the Index rose by three points in January 2010 to 95.8 points after falling 1.1 points in December 2009 and 4.3 points in November 2009
The Israeli Consumer Confidence Index compiled by Globes Research and Kesselman and Kesselman - PricewaterhouseCoopers Israel reported last week that the Index rose by three points in January 2010 to 95.8 points (100 baseline = 1996), after falling 1.1 points in December 2009 and 4.3 points in November 2009.
In parallel, Bank Hapoalim and TNS Teleseeker said last Monday that according to their calculations Israel's consumer confidence index rose by 0.4 points in January following an increase of 0.7 points in Consumer confidence remained stable in recent monthsat a high level compared to the past. Bank Hapoalim said that this trend is consistent with the improvement in the economy and particularly in the labor market, coupled with increased uncertainty regarding future developments.
According to Kesselman and Kesselman - PricewaterhouseCoopers Israel
macroeconomic figures published during the month of January point to real economic expansion. The positive figures reinforce consumers' feeling that the economy is on the rebound.
However, the report noted that despite some confidence about the present, respondents are less confidence about the future. The Israeli public understands that the recession is over in Israel, but it also wants to see whether foreign consumers are also optimistic.
In effect, any further increase in the Israel Consumer Confidence Index is strongly contingent on developments in the global economy.