Israel - Annualisierte BIP-Wachstum

Israel's economy grew an annualized 4.0 percent in the third quarter of 2019, slightly below a preliminary estimate of 4.1 percent and compared to a 0.8 percent expansion in the previous three-month period. Private consumption expenditure rebounded firmly (3.1 percent vs -0.3 percent), while public spending rose at a softer pace (5.4 percent vs 12.6 percent) and fixed investment continued to contract (-4.3 percent vs -5.1 percent). Net external demand contributed negatively to the GDP, as exports plunged 8.0 percent (vs 2.6 percent in Q2) while imports climbed 3.1 percent (vs 3.4 percent in Q2). The economy grew 3.3 percent in 2019, its slowest pace since 2015 and against central bank forecasts of 3.1 percent.

The gross domestic product in Israel expanded an annualized 4.1 percent in the third quarter of 2019, accelerating from an upwardly revised 0.8 percent advance in the previous three-month period and beating market expectations of 2.8 percent, a preliminary estimate showed. Consumer spending rebounded (2.8 percent vs -0.8 percent in Q2). In contrast, government spending increased at a softer pace (4.2 percent vs 13.5 percent) while gross fixed capital formation fell further (-6.1 percent vs -4.7 percent). Regarding net trade, exports slumped 8.4 percent (vs 2.9 percent in Q2) while imports went up 1.9 percent (vs 2.5 percent in Q2). On a quarterly basis, the economy grew 1.0 percent, following a revised 0.2 percent expansion in Q2.

The gross domestic product in Israel expanded an annualized 0.6 percent in the second quarter of 2019, slowing from a downwardly revised 4.4 percent advance in the previous three-month period and below earlier estimates of 1 percent, final estimates showed. It was the lowest growth rate since the second quarter of 2015, as both private consumption (-0.9 percent vs 5.6 percent in Q1) and fixed capital formation fell (-7.5 percent vs 8.4 percent. In contrast, government expenditure rebounded (11.6 percent vs -2.1 percent). Regarding net trade, exports went up 2.3 percent (from 12.0 percent in Q1) while imports increased 3.3 percent (from 4.0 percent in Q1). On a quarterly basis, GDP advanced 0.1 percent, lower than preliminary estimates of 0.3 percent and following a 1.1 percent expansion in the first quarter.

The gross domestic product in Israel expanded an annualized 1 percent in the second quarter of 2019, slowing from a downwardly revised 4.6 percent advance in the previous three-month period and in line with preliminary estimates, second estimates showed. It was the lowest growth rate since the first quarter of 2017, as both consumer spending (-1.1 percent vs 6 percent in Q1) and fixed investment (-8 percent vs 9.1 percent) fell. Meantime, government consumption rebounded (11.6 percent vs -2.1 percent) and net foreign demand contributed positively to growth, as exports rose 5.3 percent (vs 12.1 percent) and imports went up at a softer 3.4 percent (vs 4 percent). On a quarterly basis, the economy grew 0.3 percent, easing from a downwardly revised 1.1 percent expansion in Q1.

The gross domestic product in Israel expanded an annualized 1 percent in the second quarter of 2019, slowing from a downwardly revised 4.7 percent advance in the previous three-month period and below market expectations of 1.2 percent, a preliminary estimate showed. It was the lowest growth rate since the first quarter of 2017, as both consumer spending (-0.3 percent from 5.4 percent in Q1) and fixed investment (-3.1 percent from 10.2 percent) fell. Meantime, government consumption rose 10 percent, higher than a 0.1 percent gain in the prior period. Also, net foreign demand contributed negatively to growth, as exports slumped 2.8 percent (from 9.9 percent in Q1) while imports climbed 2 percent (from 5.7 percent in Q1). On a quarterly basis, the economy grew 0.3 percent, easing from a 1.2 percent expansion in Q1.

Israel’s economy grew an annualized 5 percent in the first quarter of 2019, accelerating from an upwardly revised 3.9 percent expansion in the previous three-month period and compared with second estimates of 4.8 percent. It is the strongest growth since the third quarter of 2017, as increases were seen for private consumption (5.1 percent from 5.2 percent in Q4, below flash estimates of 6.6 percent), fixed capital formation (10.5 percent from 14.7 percent, above earlier estimates of 9.8 percent) and government spending (1.1 percent from -0.1 percent, in line with second estimates). Meanwhile, net trade contributed negatively to the GDP, as imports jumped 8.2 percent (from 12.8 percent in Q4, and compared with earlier estimates of 8.3 percent) and exports rose at a softer 4.9 percent (from -5.2 percent in Q4, below preliminary estimates of 5.2 percent).