Israel's Economic Growth Revised Downward for Q2 2026
Translated & summarized from NEWSru Israel by baba
Israel's Central Bureau of Statistics lowered the second quarter 2026 economic growth rate to 14.9% annually. Revisions showed slower growth in exports and business sectors, but higher government and defense spending.
The story in 5 lines · by baba
- Israel's Q2 2026 economic growth revised down to 14.9% annually.
- GDP excluding overseas production grew 3.2% quarterly.
- Business sector GDP growth adjusted to 3.6% quarterly.
- Export growth figures were also reduced.
- Government and defense spending estimates were revised upward.
Israel's Central Bureau of Statistics (CBS) has revised down its estimate for the country's economic growth in the second quarter of 2026. The annual growth rate was adjusted from 15.4% to 14.9%, and the quarterly growth rate from 3.6% to 3.5%.
Further details revealed that GDP excluding overseas production grew by 3.2% quarter-over-quarter, a decrease from the previously reported 3.4%. The business sector's GDP saw a quarterly increase of 3.6% (15.4% annually), down from an initial estimate of 3.9%. Export growth also fell short of earlier projections, with exports excluding high-tech rising by 3.9% instead of 5.8%, and total exports including high-tech growing by 5.8% quarterly, revised from 7.8%.
Investment in fixed capital was also re-evaluated, showing a 4.1% increase compared to the initial 6.3% estimate. Conversely, components of GDP driven by government spending were revised upward. Public consumption expenditure increased by 22.2% (previously 19.5%), and defense spending rose by 19.8% (previously 14.7%).
