The CA surplus is slowly declining on the larger trade deficit

ISRAEL - Report 30 Apr 2018 by Jonathan Katz

Recent indicators point to deceleration of domestic demand, although imports are expanding rapidly (most likely e-commerce as well). Despite some growth in exports, the trade deficit is widening, and the CA surplus appears less shekel supportive.

Zoom in: The weakening of the shekel in Q118 was led by foreign investors, and not by Israeli institutions.

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