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Israel Retail Report Q2 2015

Israel Retail Report Q2 2015

BMI View: 2015 is largely set to be a year of recovery for the Israeli retail sector and the country's widereconomy following the seven-week conflict on the Gaza strip during the summer of 2014. Nonetheless,consumer confidence has been dented and as a result we are forecasting a slight decline in householdspending during the course of the year. Beyond 2015 we believe there remains great potential in Israel'sretail market owing to a growing and increasingly affluent population. We are expecting growing demandfor non-essential items, particularly in personal care and communications.

Israel's economy has swiftly moved towards recovery following 2014's summer conflict in Gaza. We arecurrently forecasting real GDP growth of 3.4% over the coming year, up from 3.1% recorded during 2014.

Echoing this optimism, the IMF has ranked Israel fifth in their favourable projections forecast. Despite theimprovements in the wider economy, the retail sector is set for a somewhat slower return to growth over thecoming year. Consumer confidence has taken a hit and living expenses are on the rise. This has resulted inmore subdued household spending and we are forecasting a decline in spending in all retail categories over2015. We believe the retail sector will make a stronger recovery in the medium term and expect householdspending to return to growth in 2016.

BMI Industry View
Industry Forecast
Headline Retail Forecast
Table: Total Household Spending (Israel 2012-2019)
Table: Retail Sector Spending, % Of Total (Israel 2012-2019)
Table: Headline Retail Sector Spending (Israel 2012-2019)
Table: Retail Sector Spending, % of GDP (Israel 2012-2019)
Retail Sector Forecast
Food, Drink & Tobacco
Table: Food, Drink & Tobacco Spending (Israel 2012-2019)
Clothing & Footwear
Table: Clothing & Footwear Spending (Israel 2012-2019)
Household Goods
Table: Household Goods Spending (Israel 2012-2019)
Personal Care
Table: Personal Care Spending (Israel 2012-2019)
Household Numbers And Income Forecast
Table: Household Income Data (Israel 2012-2019)
Table: Labour Market Data (Israel 2012-2019)
Demographic Forecast
Table: Total Population (Israel 2012-2019)
Table: Population: Babies (Israel 2012-2019)
Table: Population: Young Children (Israel 2012-2019)
Table: Population: Children (Israel 2012-2019)
Table: Population: Young Teens and Older Children (Israel 2012-2019)
Table: Population: Young People (Israel 2012-2019)
Table: Population: Older Teenagers (Israel 2012-2019)
Table: Population: 21yrs + (Israel 2012-2019)
Table: Population: Young Adults (Israel 2012-2019)
Table: Population: Middle Aged (Israel 2012-2019)
Table: Population: Urban (Israel 2012-2019)
Macroeconomic Forecasts
Economic Activity
Table: MENA - Operational Risk
Table: Economic Activity (Israel 2009-2018)
Industry Risk Reward Index
Middle East And North Africa Risk/Reward Index
Table: Middle East And North Africa Retail Risk/Reward Index
Industry Risk/Reward Index
Market Overview
Retail Formats
Retail Sub-Sectors
Competitive Landscape
Department Stores
Consumer Electronics
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Retail Risk/Reward Index Indicators
Table: Weighting Of Indicators

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