The Israel Consumer Confidence Index, compiled by Globes Research and Kesselman and Kesselman - PricewaterhouseCoopers Israel, rose by 5.1 points in August to 93.5 points (1996 baseline = 100), reversing the recent trend, which saw drops over the past four months.
The Index dropped 1.4 points in July and 4.1 points in June. July's survey had already begun to show signs of optimism, and the August figures seem to confirm it.
The net response to the question of "What will the status of the economy be in six months" rose again in August, the second straight rise, which best shows the recovery in Israeli consumers' confidence.
The net response to the question of "What is the status of the economy" rose 10.7 percentage points in August to a negative 15.5 percentage points, after falls of 9.1 percentage points in July and 0.4 percentage points in June.
Published by Globes [online], Israel business news - www.globes-online.com - on September 1, 2010
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