Crisis in Israeli consumer confidence?
Source: http://israelnewsletter.com/2009/04/01/crisis-in-israeli-consumer-confidence/Posted on Wednesday, April 1st, 2009 | In Israel
Contributed by: Israel Investor Newsletter (http://israelnewsletter.com) -
As consumers across the world suffer the impact of the current financial crisis, Israelis are not different. Consumer confidence continues to plummet.
Analysis of the Consumer Confidence Index by Smith Institute shows that the lightening rod of public pessimism is the assessment of the current economic situation. 77.7% of respondents believe that the current economic situation is poor, and 45.8% believe that it will worsen over the next six months. However, only 21.5% of respondents believe that their personal economic situation will worsen over the next six months.
As for future private consumption, trend figures for the Consumer Confidence Index for the past six months indicate a further drop in private consumption.
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Aaron Katsman is a managing director and the senior portfolio manager of America Israel Investment Associates, Israel Growth Portfolio (www.israelgrowth.com) where he manages a portfolio of Israeli stocks that trade in the US. He is also president of the Global Investments for Profile Investments. Aaron is a frequent contributor to StraightStocks.com, focusing on Israeli stocks. Zack Miller embodies the nexus between asset management, equity research, and new internet distribution technologies. Previously, Zack was an analyst at Oasis Capital Management, a multinational, multi-strategy hedge fund. Zack’s area of expertise is discovering and analyzing undervalued technology stocks, particularly of small-cap companies. Zack holds an MBA from the Kellogg School of Management and a B.A. from Harvard University. |
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