Crisis in Israeli consumer confidence?
Written by: Israel Investor Newsletter | April 1, 2009
As consumers across the world suffer the impact of the current financial crisis, Israelis are not different. Consumer confidence continues to plummet.
Analysis of the Consumer Confidence Index by Smith Institute shows that the lightening rod of public pessimism is the assessment of the current economic situation. 77.7% of respondents believe that the current economic situation is poor, and 45.8% believe that it will worsen over the next six months. However, only 21.5% of respondents believe that their personal economic situation will worsen over the next six months.
As for future private consumption, trend figures for the Consumer Confidence Index for the past six months indicate a further drop in private consumption.
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