Trade deficit widens, CA surplus expected to contract this year

ISRAEL - Report 14 May 2018 by Jonathan Katz

Macro fundamentals are less shekel supportive due to a shrinking CA surplus (growing trade deficit). In March, Israeli institutions increased their demand for FX by 1.3bn USD. We expect inflation to reach 0.4% m/m in April and 0.5% m/m in May (mostly seasonal as well as some shekel weakness and higher petrol prices).

Politics: This week could see some escalation in violence due to the move of the American Embassy to Jerusalem and the Palestinian Nakba Day.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.