Wednesday, October 31, 2018

The Melnick State of the Economy Index increased by 0.3 percent in September

The growth in the business sector continues
The increase in the number of employee positions in the business sector reflects robustness in the labor market
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The Melnick State of the Israeli Economy Index increased by 0.3 percent in September 2018. The business sector continues to grow. The revenue in the commerce and services, which reflects domestic demand and especially private consumption, indicates stability with fluctuations without an upward trend, despite the rise in the last month. The industrial production index, which reflects the supply side of the business sector, rose sharply in the past month, but it is too early to say that the manufacturing has overcome the difficulties facing the industry. The import index, which mainly reflects imports of inputs for domestic production, continues to indicate the possibility of future growth in economic activity. And the number of employee posts in the business sector grew again on the background of strength in the labor market.

The September Melnick index components include: an increase of 7.2% in the industrial production Index in August, following an increase of 2.9% in July; an increase of 0.2% in the revenue in commerce and services in August, following an increase of 1.7% in July; a decrease of 0.3% in the imports index in September, after an increase of 1.2% in August, and a rise of 0.3% in the number of employee posts in the business sector in July, following a decrease of 0.6% in June.
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Sunday, October 7, 2018

The Melnick State of the Economy Index increased by 0.2 percent in August

Business sector growth continues at a moderate rate
There are signs of a decline in the number of employee positions in the business sector
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The Melnick State of the Israeli Economy Index increased by 0.2 percent in August 2018. The business sector continues to grow at a moderate rate. The revenue in the commerce and services, which reflects domestic demand and especially private consumption, indicates stability with fluctuations without an upward trend, despite the rise in the last month. The industrial production index, which reflects the supply side of the business sector, rose in the last month, but manufacturing apparently did not overcome the difficulties facing the industry. The imports index, which mainly reflects imports of inputs for domestic production, continues to rise, pointing to the possibility of future growth in economic activity. For the first time there are signs of a decline in the number of employee posts in the business sector, but it is early to talk about a turnaround in the labor market.

The August Melnick index components include: an increase of 2.5% in the industrial production Index in July, following an increase of 0.2% in June; an increase of 1.6% in the revenue in commerce and services in July, after a decrease of 2.0% in June; an increase of 1.0% in August, after rising by 2.4% in July, and a 0.6% decrease in the number of employee posts in the business sector in June, following a decrease of 0.1% in May.
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Wednesday, August 29, 2018

The Melnick State of the Economy Index increased by 0.1 percent in July

The expansion of the business sector continues at a more moderate rate
For the first time, the number of employee posts in the business sector has stabilized and may have even declined
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The Melnick State of the Israeli Economy Index increased by 0.1 percent in July 2018. The expansion of the business sector continues at a more moderate rate. The level of revenue in commerce and services, which reflects domestic demand and especially private consumption, indicates stability while fluctuating without an upward trend. The index of industrial production, which reflects the supply side of the business sector, does not expand. Industrial production indicates that, apparently, manufacturing has not overcome the difficulties faced by industry. The level of the imports index, which mainly reflects imports of domestic production inputs, continues to be high. For the first time after a prolonged period of time, there appears to be stabilization and perhaps even a decline in the number of employee posts in the business sector.

The July Melnick Index components: an increase of 0.2% in the industrial production Index in June, following a decrease of 2.9% in May; a decrease of 2.2% in revenue in commerce and services in June, following an increase of 2.3% in May; an increase of 1.7% in the import index in July, following a decrease of 2.2% in June, and a decrease of 0.1% in the number of employee posts in the business sector in May, following a decrease of 0.1% in April.
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