According to Israel’s Central Bureau of Statistics (CBS) (equivalent to Statistics Denmark), the gradual reopening of Israeli society after the second Corona shutdown does not help the population’s confidence in the Israeli economy. At present, the Israelis continue to look gloomily at the future, writes the Israeli financial newspaper Globes (equivalent to the Stock Exchange). According to CBS, the consumer confidence index fell to -32% in the first half of October after falling from -21% to -29% in the second half of September. (article translated from Hebrew). Also read MIFF’s articles on the economic crisis in Israel.
Cp regularly surveys Israelis’ consumer confidence among Israelis aged 21 and up. Among other things, CBS has examined the Israelis’ economic situation and the state of the country before, now and in the future. The possible answers go from +100 to -100. The closer the answer is to +100, the greater the optimism, the closer the answer is to -100 the greater the pessimism.
CBS has also examined the expectation of the economic situation in the country in 2021. In the first half of October, the Israelis’ economic expectations for 2021 were -42%, after those in the second half of September they were at -39%. This is a deterioration compared to the first half of September, when expectations were -28%.
In addition, there was a sharp drop in the balance sheet when it comes to Israel’s plans for large purchases during 2021 compared to 2020. In the first half of October, the balance sheet was -49%. The result is a direct continuation of the trend of recent weeks, after the balance in the second half of September fell to -42% from -30% in the first half of September.
It is also difficult to track optimism in the economic situation of households. The balance of households’ economic situation relates to 2020, it is now -33% after falling to -29% in the second half of September from -21% in the first half of September.
The number of unemployed jobs fell by almost 10% in September
CBS has just published the latest statistics on the number of vacancies. In September, there were about 54.3 thousand vacancies, compared to 59 thousand in August. In comparison, the number of vacancies before the Corona crisis was almost 100,000.