The Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) for Israel registered a notable decline in June 2024. The index, which had previously stood at 48.73 in May, dropped to 43.94 in June. This dip marks a significant shift in consumer sentiment month-over-month.
The updated data, released on June 13, 2024, indicates a decrease in consumer confidence. In comparison to the previous month, the decline is evident and reflects measurable changes in the economic outlook among Israeli consumers. The shift from May’s 48.73 to June’s 43.94 suggests growing consumer concerns and potential challenges within the economy.
As this indicator serves as a barometer for consumer sentiments and economic expectations, the drop could have broader implications for business and economic activities in Israel moving forward. Stakeholders and policymakers will need to monitor these changes closely, as persistent declines in consumer sentiment can lead to more cautious spending and investment behaviors.
