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Israel’s Consumer confidence index up after four month drop

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Tuesday, September 7th, 2010

As reported by Port2Port: The Israeli Consumer Confidence Index rose by 5.1 points in August to 93.5 points. The ICCI dropped 1.4 points in July 2010 and 4.1 points in June 2010
 
According to Globes Research, Kesselman and Kesselman Price waterhouse Coopers Israel the Israel Consumer Confidence Index, (ICCI) 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 ICCI is a measure of consumer views regarding the current economic situation and consumer expectations for the future.
 
The ICCI dropped 1.4 points in July 2010 and 4.1 points in June 2010. July’s survey had already begun to show signs of optimism, and the August figures seem to confirm it