"Israel Retail Report Q4 2015" is now available at Fast Market Research

Consumer confidence has been building over the first six months of 2015, on the back of low borrowing costs, subdued inflation, low unemployment and a hike in the minimum wage. We expect to see organic retail sales grow over the course of 2015 in local currency, however, the Israeli s hekel has depreciated substantially against the US d ollar, meaning that sales in USD will actually decline over the year. Beginning in 2016 we see a recovery in USD terms, as the currency improves and over the longer-term strong household spending and favourable demographics will make Israel a top spot for retail company investment. In particular, growth of households earning over USD50,000 will more than double over the next five years, offering huge opportunities for luxury and higher-value goods.

Full Report Details at
- http://www.fastmr.com/prod/1044792_israel_retail_report_q4_2015.aspx?afid=301

We are currently forecasting real GDP growth of 3.1% over the coming year, up from 2.8% recorded during 2014 and this will accelerate to 3.4% in 2016. While we forecast the economic growth to remain stable, pressure on the currency is key and this will result in a projected drop in spending (in USD terms) from USD125bn to USD123bn in the retail sector. Israeli's are still shopping despite the macroeconomic situation, evidenced by Azrieli Group (Israel's largest shopping mall operator), reporting a 9% net operating income increase in the second quarter of 2015 y-o-y. Strauss Group also saw organic sales growth excluding foreign exchange effects during Q215, showing that retailers have been fairly insulated so far.

The Israel Retail Report has been researched at source and features BMI Research'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.
* Target business opportunities and risks in Israel through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

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