BMI View: We forecast Israel's construction industry to recover in 2016 after two consecutive years of
contraction. Base effects, increased government spending, and a growing project pipeline - particularly in
the railway sector - will support positive industry growth ..."
BMI View: We currently forecast 2.6% real growth in Israel's construction industry in 2015, following an
estimated contraction of 0.4% in 2014. Our forecast is supported by low base effects and a recovery in
gross fixed capital formation (GFCF). We maintain our medium ..."
BMI View: In line with the latest official data, we have downgraded our construction industry growth
forecast for Israel in 2013 from 6.2% to 2.4%. This is underpinned by a contraction of 3.2% in the
construction industry in Q113 and a decline of 6.3% in gross fixed c ..."