Is the economy recovering? The combined index for the month of January increased by 0.3%

The combined index for the month of January rose by 0.3%, an expression of the gradual recovery of the economy from the damage from the "Iron Swords" war. This is what the Bank of Israel announced today. Although the war continued in January, its effect on the activity in the economy continued to weaken.

The combined index was positively affected by the increases in the turnover index in services, the turnover index in retail trade (December), the import of production inputs, the export of goods, the rate of vacancies and credit card purchases (January). In contrast, the export of services and salaried jobs (November), the index of industrial production (December) and the import of consumer goods (January) decreased and had a negative effect on the index.