Steady and strong CA surplus remains shekel positive

ISRAEL - In Brief 14 Dec 2021 by Jonathan Katz

The CA surplus in Q321 reached 5.3bn USD from 4.9bn in Q2 and 6.4bn in Q1. In Q3 the trade deficit increased by 1.1bn to 6.0bn while the service account surplus increased by 0.6bn to 10.1bn. Net revenues from financial investments abroad reduced the primary income account deficit. Net FDI reached 2.5bn in Q3 following 11.5bn in the 1st half of the year. The CA surplus remains stable and strong, representing 4.5% GDP this year, and net FDI and additional 4% GDP. Israel’s strong fundamentals continue to support shekel appreciation.

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