Israel-Gaza War, Economy

Bank of Israel: War's Effect on Economy Moderating in November

The Bank of Israel reported that its Composite State of the Economy Index showed that the negative effects of the war on the economy had moderated in November, its second month.

The stock market did tumble in October due to the war, but is now moderating and even showing positive trends. (Photo: Andy.LIU/Shutterstock)

The Bank of Israel reports that according to its Composite State of the Economy Index, Israel's numbers have improved from a -1.81 drop in October to -0.71 - about the same number as in September (-0.64).

Moreover, there are a number of signs of moderate growth such as goods exports w/o agriculture (4.5 compared to -13.2 in October), credit card purchases (8.6 compared to -14.6), and electricity production (0.9 compared to -4.5).

Calcalist also reports that alongside the TA-35's moderate increase, sectors such as oil and gas, technology, and banks did well, even if not as well as countries not at war.

Inflation is also back to 3.3%, close to the 1-3% range the Bank of Israel prefers, as the US Fed also signalled its willingness to stop tightening and start loosening interest rates, which will be good news for companies seeking to borrow money on easier terms.

0 Comments

Do not send comments that include inflammatory words, defamation, and content that exceeds the limit of good taste.

Israel-Gaza War

Watch: IDF eliminates Hamas weapons procurement officer

The IDF eliminated Azmi Abu Daqqa, a Hamas member active in procuring weapons for the terrorist group in the Gaza Strip. The Air Force has also struck dozens of other terror targets over the last 24 hours.

Avi Woolf | 12:37

Israel-Gaza War, Northern Front

Smotrich: Either Hezbollah stops firing and retreats to the Litani - or the IDF should create a security buffer for the north

The age in which residents rely on papers and promises which have nothing behind them and which ultimately blow up in our face is over."

JFeed Staff | 10:20

Israel-Gaza War

Watch: IDF deepens operations in eastern Rafah

The 401st Brigade's combat team has so far eliminated some 50 terrorists and uncovered dozens of terrorists which are being prepared for destruction.

Avi Woolf | 09:51

Israel-Gaza War, Northern Front

Hezbollah parliamentary bloc leader: Terrorist group escalating to "preserve deterrence equation"

The leader of the Hezbollah parliamentary bloc in Lebanon, MP Mohammad Raad, said that "the resistance is escalating its operations against the Israeli enemy to a certain level in order to preserve the deterrence equation."

Avi Woolf | 09:39

Israel-Gaza War, Northern Front

Watch: IDF strikes Hezbollah targets

The IDF continued to strike Hezbollah targets earlier today throughout southern Lebanon.

Avi Woolf | 06:53

Israel-Gaza War

Watch: IDF fights with terrorists firing from rooftops

The IDF continues to operate in the northern Gaza Strip in areas it did not previously fight in, eliminating terrorists and finding weapons caches.

Avi Woolf | 06:47

Israel-Gaza War, Politics

Netanyahu responds to Gantz: Making demands of the Prime Minister instead of Hamas

The Prime Minister attacked Gantz for his ultimatum: "Whitewashed words whose meaning is clear: an end to the war and a defeat for Israel, abandoning most of the hostages, leaving Hamas standing, and establishing a Palestinian state."

Uriel Be'eri, Liran Vainshtain, JFeed Staff | 06:30

Israel-Gaza War, Hostages

IDF extracts body of hostage Ron Binyamin

The IDF has confirmed information showing Binyamin was murdered and his body taken to the Gaza Strip on October 7.

Avi Woolf | 06:23

Israel-Gaza War, Antisemitism, France

France24: Man attempting to set fire to Rouen synagogue shot by police after threatening them

According to reports, the would-be arsonist was also brandishing weapons and was killed by police after threatening them with his knife.

Avi Woolf | 17.05.24

Israel-Gaza War, Northern Front

Watch: IDF strikes Hezbollah infrastructure

The IDF struck a chain of compounds used by Hezbollah's Aeriel Defense Array against Israeli aircraft in southern Lebanon.

Avi Woolf | 17.05.24

Israel-Gaza War

Watch: Air Force strikes targets in Gaza Strip

The Air Force struck some 60 targets in the Gaza Strip, including weapons warehouses, terrorist squads, and various terrorist infrastructures.

Avi Woolf | 17.05.24

Israel-Gaza War

Watch: 7th Brigade launches offensive in Jabaliya

During under a week of operations, the IDF has eliminated over 60 terrorists and destroyed a large weapons warehouse containing multiple rockets.

Avi Woolf | 17.05.24