Economic indicators remain mixed

ISRAEL - Report 02 Oct 2023 by Jonathan Katz

1. The labor market continues to tighten, with unemployment down sharply.

2. August witnessed an improvement in private consumption growth.

3. Other indicators point to slowing growth, both in service and manufacturing exports.

4. Without an upward inflation surprise or sharp shekel depreciation, the MPC is likely to adopt a “wait-and-see” policy.

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