This is the second decline recorded since the beginning of the year. Last year amounted to a three-month increase in the consumer confidence index, and the decline takes the status of the index to an even lower level than that recorded a year ago, when during the year a number of beautiful months were recorded. The index has recorded stability in a state of moderate increases over the past two decades, but since the corona crisis, sharp changes have been seen in the state of the index, as expected from a crisis that is more pronounced economically.
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Bank Hapoalim economists: “The omicron wave was declining in February, but this did not prevent a decline in consumer confidence, probably due to price increases and high volatility in the financial markets. We note that the survey was completed before Russia’s invasion of Ukraine.