The Central Bureau of Statistics (CBS) reported that the Consumer Confidence in Israel decreased to -25 in October from -22 in September of 2015.
Consumer Confidence in Israel averaged -23.71 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. Consumer Confidence in Israel is reported by the Central Bureau of Statistics, Israel.
In Israel, 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.
This page provides - Israel Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.. The Consumer Confidence Survey is an obligatory survey for member countries of the OECD (Organization for Economic Co-operation and Development, with 34 developed countries as members).
Since Israel joined the OECD, this survey has been conducted by the Central Bureau of Statistics on a monthly basis. The survey aims to provide monthly information for a system of indicators that can be used to assess the economy, and is conducted among a representative sample of persons aged 21 and over.
The methodology used to conduct the Consumer Confidence Survey in Israel is delineated in the OECD's guidelines. In the survey, information is gathered from individuals on their general assessments of the economic situation, expectations for change in the situation, and plans for savings and large purchases in the near future.
The survey findings can be used by decision makers in the business and public sectors to evaluate and formulate business and economic policy.