A brief macro review: week of June 26, 2023

ISRAEL - Report 26 Jun 2023 by Jonathan Katz

1. Recent economic indicators have been mixed, with manufacturing and exports expanding but PC demand weak.

2. Declining residential starts/completions will reduce supply and support some price pressure.

3. We still expect a rate-hold decision on July 10, but much will depend on shekel volatility.

Now read on...

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