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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael Business Confidence climbed to 15.35% in May 2026
FMPMonthlyReleased June 2026
Israel Business Confidence climbed to 15.35% in May 2026, released June 2026, up 7.18% from April's 8.17% reading. The print exceeded the 9.0% consensus by 6.35%. Business Confidence has now risen for 3 consecutive months. Over the past 3 months, Business Confidence averaged 10.76%, vs 20.7% in the prior 3-month window. The reading is in the 19th percentile of the trailing 24-month range.
Latest Release
15.35
Actual
9
Consensus
8.17
Previous
Median Absolute Error
±1.73 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 9
Actual: 15.35
Error: -6.35
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.64 | FOREX | Bearish USD | → View |
| EUR/USD | ▲ Direct | +0.47 | FOREX | Bullish EUR | → 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 15.35% in June 2026. This beat the market consensus of 9% by 6.35%. The reading rose from the previous value of 8.17%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 18.58%, ranging from 14.8% to 20.9% across 9 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 18.46%, down from the prior three at 19.53%. Volatility over the past year (σ 2.07%) is lower than the prior year (σ 2.77%). In June readings over the past 3 years, Business Confidence has averaged 18.55%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.73%.
WHAT TO WATCH NEXT
The next release is scheduled for July 8, 2026.
Auto-generated from current model state · Refreshes on each release · Last update June 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 (May 2026): actual 15.35 %, consensus 9 %. Prior reading (Apr 2026): 8.17 %. Before that (Mar 2026): 4.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bearish USD, r=-0.64) — a useful reference for forex-focused traders.