Israel's growth revised higher to 3.7% annualised in first quarter
In the bureau's second estimate, gross domestic product grew an annualised 3.7% in the first quarter from the prior three months, higher than an initial expectation of 3.4% and up from an upwardly revised 2.0% in the fourth quarter of 2024. Per capita GDP was 2.4%.
The data follow figures also issued on Sunday showing the annual inflation rate easing to 3.1% in May from 3.6% in April.
In the first quarter, the economy benefited from higher exports, investment and public spending, offset partially by lower consumer spending.
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