Israel's seasonally adjusted Q2 GDP rose 15.4% at an annualized rate, the Israel
Central Bureau of Statistics said on Sunday, outpacing the Bloomberg median
forecast of 8.3% from eight economists. Q1 GDP was revised to a 2.2%
contraction. Goods and services exports led the rebound, up 35.2%; government
consumption rose 19.5%, private consumption 14.7% and fixed capital formation
6.3%. Mizrahi‑Tefahot Bank chief strategist Yonie Fanning said before the
release the economy is expected to see a "rapid recovery" after contraction
linked to conflict with Iran, with consumer spending including durables a key
driver.
