New Market Research Report: Israel Retail Report Q1 2015

The seven-week conflict in the Gaza Strip in summer 2014 will have result ed in a significant drop in consumer spending, business activity and tourism in Q314. However, we expect this to be temporary as we believe the ceasefire agreed between Israeli and Palestinian delegates on August 26 will hold over the next few quarters, and growth in the economy will accelerate in Q414. We forecast a rise in household spending across all Israeli retail subsectors over the next few years, boosted by a growing and highly urbanised population, as well as increasing levels of disposable income. We expect particularly strong growth in personal care and communications.

The Israeli Retail report provides an extensive and comprehensive forecast of various retail indicators including household spending and headline total spending across each retail subsector, household income and employment forecasts, demographic forecasts and a detailed breakdown of household and per capita spending across a large number of retail areas including food & drink, clothing & footwear and household goods.

Full Report Details at
- http://www.fastmr.com/prod/924183_israel_retail_report_q1_2015.aspx?afid=301

We see long-term potential in the Israeli consumer market, particularly for non-essential items and aspirational purchases by younger consumers whose incomes are rising. We forecast the average net household income will be USD33,536 in 2015, with almost 87% of households falling into the middle-income bracket of USD10,000-plus. By 2018, 89% of households are expected to be in this income bracket, which represents a very valuable demographic for increased household spending on luxury items beyond necessities such as food, utilities and transport. We expect a corresponding increase in household spending on personal care and communications and, to a lesser extent, on clothing & footwear and furnishing & home.

Owing to the country's wealth and well-established mass grocery retail sector, the Israeli retail market has many characteristics of more developed European markets. The market...

The Israel Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Israel Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for Israel to test other views - a key input for successful budgeting and strategic business planning in the Israeli retail market.

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