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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IsraelIsrael Composite Economic Index MoM climbed to -0.64% in July 2025
FMPMonthlyReleased August 2025
Israel Composite Economic Index MoM climbed to -0.64% in July 2025, released August 2025, up 0.03% from June's -0.67% reading. The reading missed the -0.4% consensus by 0.24%. The print is running well below the 12-month average of -0.01%. Over the past 3 months, Composite Economic Index MoM averaged -0.66%, vs 0.02% in the prior 3-month window. The reading is in the 16th percentile of the trailing 24-month range.
Latest Release
-0.64
Actual
-0.4
Consensus
-0.67
Previous
Median Absolute Error
±0.26 percentage points
across last 12 releases
Last Call
Aug 2025
Predicted: -0.65
Actual: -0.64
Error: -0.01
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.96 | FOREX | Moves with | → View |
| GBP/USD | ▲ Direct | +0.85 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.67 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Composite Economic Index MoM (Israel) was reported at -0.64% in August 2025. This missed the market consensus of -0.4% by 0.24%. The reading rose from the previous value of -0.67%.
WHY IT MATTERS
The trailing three releases averaged -0.65%, down from the prior three at 0.02%. In August readings over the past 3 years, Composite Economic Index MoM has averaged -0.44%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with GBP/USD, positively correlated (Bullish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 0.26%.
Auto-generated from current model state · Refreshes on each release · Last update August 2025.
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Composite Economic Index MoM - IL
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About Composite Economic Index MoM — Israel
DEFINITION
The Composite Economic Index MoM (Month-over-Month) is a key financial indicator that measures the overall economic activity in a given country or region on a monthly basis. It takes into account various factors such as employment, consumer spending, and business activity to provide a comprehensive view of the current state of the economy. This index is closely monitored by economists, investors, and policymakers as it can provide valuable insights into the short-term trends and potential future direction of the economy.
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 (Jul 2025): actual -0.64 %, consensus -0.4 %. Prior reading (Jul 2025): -0.64 %. Before that (Apr 2025): -0.1 %.
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. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.96) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - IL Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | IL | Imports | 11138.4 | 9694.6 | 8200 | 9669.20 | Low |
| 10:00 | IL | Balance of Trade | -5794.4 | -4227.3 | -2700 | -4247.20 | Low |
| 10:00 | IL | Exports | 5344 | 5467.3 | 5500 | 5422.00 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | IL | Unemployment Rate | 3.1 | 3 | 2.95 | Low | |
| 15:30 | IL | Inflation Rate MoM | 0.3 | 0.5 | 0.45 | Low | |
| 15:30 | IL | Inflation Rate YoY | 1.5 | 1.5 | 1.45 | Low | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | IL | GDP Growth Annualized | 15.4 | -2.2 | 15.4 | 15.28 | Low |
| 10:00 | IL | Current Account | -0.107 | -0.3 | 0.15 | Low | |