Israel's economic growth eased for the fifth consecutive quarter in the first quarter, data release by the Central Bureau of Statistics showed Wednesday.
Gross domestic product (GDP) increased a seasonally adjusted 3 percent quarter-over-quarter in the first quarter, after growing 3.2 percent in the fourth quarter and 3.3 percent in the third quarter. The rate of growth has slowed regularly since the fourth quarter of 2010.
Private consumption expenditure advanced at a notably faster rate of 4.2 percent during the three-month period than the fourth quarter's 0.2 percent. Government consumption expenditure rose 0.8 percent sequentially in the first quarter, after expanding 8 percent in the preceding three-month period.
The was a 6.2 percent quarter-on-quarter increase in gross fixed capital formation in the first quarter, compared to the 6.7 percent growth seen in the fourth quarter, data showed.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.