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Israel Consumer & Retail Report Q4 2017

Israel Consumer & Retail Report Q4 2017

BMI View:

We remain optimistic on Israel's consumer outlook over our five-year forecast period to 2021.

The rise in inflation in 2017 will not be substantial to weigh on the consumer outlook as inflationarypressures still remain low by historical standards. The country's stable labour market will also underpinnedour favourable consumer outlook over 2017-2021.

We have revised up our GDP growth forecasts to 3.5% in 2017, against 3.3% previously. Real GDP growthcame in at 4.7% y-o-y in Q416, marking a significant uptick from 2.3% y-o-y reported in Q415.While webelieve that the spike in growth was partly due to base effects, strong fundamentals underpinned bysustained strength in fixed investment and private consumption will continue to support economic activityover the coming quarters.

Private consumption will remain the main driver of economic growth in 2017 and beyond, supported byfavourable labour market dynamics and accommodative fiscal and monetary policies. After an exceptionalyear of 6.3% growth real growth in private consumption in 2016, we forecast another strong year of 4.0% in2017, which will remain unchanged and sustainable through to 2021.

BMI Industry View
Consumer Outlook
Consumer And Retail SWOT
Industry Forecast
Consumer Spending
Total Household Spending
Table: Total Household Spending (Israel 2015-2021)
Essential And Non-Essential Spending
Table: Essential And Non-Essential Spending (Israel 2015-2021)
Food, Drink And Tobacco
Table: Food, Drinks (Alcoholic And Non-Alcoholic) And Tobacco Spending (Israel 2015-2021)
Clothing And Footwear
Table: Clothing And Footwear Spending (Israel 2015-2021)
Household Goods
Table: Household Goods Spending (Israel 2015-2021)
Personal Care And Effects
Table: Personal Care And Effects Spending (Israel 2015-2021)
Tourism Spending
Household Characteristics
Table: Household Income Data (Israel 2014-2021)
Demographic Forecast
Table: Labour Market Data (Israel 2014-2021)
Table: Total Population (Israel 2014-2021)
Market Overview
Retail Trends
Clothing And Footwear
Table: Select Clothing And Footwear Retailers
Table: Select Household Goods Retailers
Table: Select Electronics Retailers
Department Stores
Table: Select Department Store Chains
E-Commerce And Online Marketplaces
Table: Select Online Retailers
Pharmacies And Drug Stores
Table: Select Pharmacy Chains
Shopping Centres And Malls
Industry Forecast Methodology

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