Israel Current Account Surplus Widens in Q3 đ
Israel recorded a current account surplus of $5.53 billion in the third quarter of 2024, up from a downwardly revised $4.89 billion in the previous quarter, driven by an increase in the goods and services surplus and a narrowing of the secondary income surplus.
The reported increase in Israel's current account surplus is a positive development, as it indicates the country's ability to generate more income from its international trade and investment activities compared to its payments to other countries. This could have a moderate positive impact on the investment portfolio, as it suggests a relatively strong economic performance in Israel, which could benefit the portfolio's exposure to the Israeli market through the MSCI World and emerging markets positions.
Israel Trade Deficit Widens in November âšī¸
Israel's trade deficit widened in November 2024 as imports rose faster than exports, driven by increased purchases of consumer goods, raw materials, and investment goods, while exports increased due to higher sales of agriculture, forestry & fishing and manufacturing, mining & quarrying, excluding diamonds.
The widening of Israel's trade deficit is a neutral development for the given investment portfolio, as it does not have a significant direct impact on the performance of the assets included. The portfolio is diversified across various global markets and sectors, and the changes in Israel's trade balance are unlikely to have a material effect on the overall portfolio performance.
Israel's Q3 GDP Growth Matches Initial Estimates âšī¸
The Israeli economy grew at an annualized rate of 3.8% in the third quarter of 2024, driven by a sharp rise in fixed investments and sustained household consumption growth, despite a decline in government spending and a negative impact from net trade.
The article provides information about the economic growth in Israel, which is not directly relevant to the given investment portfolio. The portfolio is diversified across various global markets and sectors, and the performance of the Israeli economy is unlikely to have a significant impact on the overall portfolio. Therefore, the impact of this news is considered neutral.
Israel Inflation Rate Edges Lower âšī¸
Israel's annual inflation rate declined to 3.4% in November 2024, with moderation in prices for food, transport, and education, but faster increases in housing and miscellaneous goods and services.
The reported decline in Israel's annual inflation rate to 3.4% in November 2024 is a neutral development for the given investment portfolio. While the moderation in prices for certain sectors like food, transport, and education is positive, the faster increase in housing and miscellaneous goods and services costs could offset these gains. Since the portfolio has a diversified exposure across various markets and sectors, the overall impact on the portfolio is expected to be minimal.