Tel Aviv, Feb. 24 -- The Bank of Israel reported that the Composite State of the Economy Index increased by 0.6 per cent in January 2024. The Bank explained that this reflected a strengthening of economic activity following the ceasefire in the north of the country that began in October 2024.

The Index was positively influenced by increases in the Industrial Production Index, the services revenue index and the retail trade revenue index (December), and job vacancies (November) said the Bank. In contrast, the import of consumption goods the import of production inputs, and goods exports (January), and services exports (November) declined, which negatively influenced the index.

The Composite State-of-the-Economy Index is a synthetic indic...