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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael Business Confidence climbed to 16.9% in June 2026
FMPMonthlyReleased July 2026
Israel Business Confidence climbed to 16.9% in June 2026, released July 2026, up 1.55% from May's 15.35% reading. The print exceeded the 14.0% consensus by 2.9%. Business Confidence has now risen for 4 consecutive months. Over the past 3 months, Business Confidence averaged 9.37%, vs 20.01% in the prior 3-month window. The reading is in the 27th percentile of the trailing 24-month range.
Latest Release
16.9
Actual
14
Consensus
15.35
Previous
Median Absolute Error
±1.24 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 17.18
Actual: 16.9
Error: +0.28
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.54 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.38 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Business Confidence (Israel) was reported at 16.9% in July 2026. This beat the market consensus of 14% by 2.9%. The reading rose from the previous value of 15.35%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 18.82%, ranging from 15.35% to 20.9% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 17.26%, down from the prior three at 20.37%. Volatility over the past year (σ 1.72%) is lower than the prior year (σ 3.01%). In July readings over the past 3 years, Business Confidence has averaged 16.77%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.24%.
WHAT TO WATCH NEXT
The next release is scheduled for August 6, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Business Confidence - IL
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About Business Confidence — Israel
DEFINITION
Business Confidence is a financial indicator that measures the level of optimism or pessimism among business owners and managers about the current and future state of the economy. It is often used as a gauge of overall economic health and can impact investment decisions, hiring practices, and consumer spending. A high level of business confidence indicates a positive outlook and potential for growth, while a low level may signal caution and potential economic downturn. This indicator is closely monitored by economists, policymakers, and investors to assess the overall sentiment and potential direction of the business sector.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 16.9 %, consensus 14 %. Prior reading (May 2026): 15.35 %. Before that (Apr 2026): 8.17 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.54) — a useful reference for index-focused traders.
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