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Composite Economic Index MoM

Name: Composite Economic Index MoM
Creator: TipRanks

The Composite Economic Index MoM in Israel measures the monthly change in a composite index that reflects the overall economic activity in the country. It is important as it provides a snapshot of the economic health, influencing monetary policy decisions and investor sentiment. A higher-than-expected reading typically signals economic growth, potentially leading to stronger currency and stock market performance, while a lower reading may indicate economic slowdown.