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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael Composite Economic Index fell to 0.05% in October 2021
FMPMonthlyReleased November 2021
Israel Composite Economic Index fell to 0.05% in October 2021, released November 2021, down 0.2% from September's 0.25% reading.
Latest Release
0.050000
Actual
—
Consensus
0.250000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Composite Economic Index (Israel) was reported at 0.05% in November 2021. The reading fell from the previous value of 0.25%.
WHY IT MATTERS
The trailing three releases averaged 0.18%, down from the prior three at 0.23%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update November 2021.
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Composite Economic Index - IL
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About Composite Economic Index — Israel
DEFINITION
The Composite Economic Index is a comprehensive measure of the overall health and performance of an economy. It combines various economic indicators, such as employment, consumer spending, and business activity, to provide a holistic view of the current state and future outlook of the economy. This index is used by policymakers, investors, and businesses to make informed decisions and assess the overall economic climate.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Sep 2021): actual 0.05 %. Prior reading (Sep 2021): 0.05 %. Before that (Aug 2021): 0.28 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - IL Events
| Sunday, June 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | IL | Manufacturing Production MoM | -18.1 | 0.5 | 0.95 | Low | |