Sunday, November 3, 2019

The Melnick State of the Economy Index Rose 0.1 Percent in September

Business sector growth continues at a moderate rate
Labor market strength continues
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The Melnick State of the Israeli Economy Index rose 0.1 percent in September 2019. Business sector growth continues at a moderate pace. The revenue in commerce and services, reflecting domestic demand, and especially private consumption, declined in the last month, however, it does not reflect a turnaround in the growth of private consumption. The industrial production index, which reflects the supply side of the business sector, maintained to some extent the surge in the previous month, however, it is early to see this development as a return to the growth of the industry. The import index, which reflects mainly imports of inputs for domestic production, maintains a more or less stable level over the past year. This trend may reflect a possible slowdown in future economic activity. The number of employee posts in the business sector has risen and continues to reflect strength in the labor market.

 The September Melnick index components include: a 1.4% decline in the industrial production Index in August, following a 5.5% rise in July; a decrease of 4.3% in revenue of commerce and services in August, after a 0.9% increase in July; an increase of 4.2% in the import index in September, after a decrease of 0.3% in August; and a 0.5% increase in the number of employee posts in the business sector in July, after no change in June.

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Wednesday, September 25, 2019

The Melnick State of the Economy Index rose 0.2 Percent in August


Business sector growth continues
Private consumption continues to lead the growth of the business sector

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The Melnick State of the Israeli Economy Index rose by 0.2 percent in August 2019. Business sector growth continues. Revenue in commerce and services, reflecting domestic demand and especially private consumption, reflects expansion, and private consumption appears to continue to lead the economy. The industrial production index, which reflects the supply side of the business sector, rose sharply, but it is too early to see this leap as a return to continued growth of the industry. The import index, which reflects mainly imports of domestic production, fell for two consecutive months and may signal a slowdown in future activity. The number of employee posts in the business sector did not change this month, and continues to reflect strength in the labor market.

The August Melnick index components include: a 5.5% rise in the industrial production index in July, after a 0.6% decline in June; an increase of 0.7% in revenue of commerce and services in July after an increase of 0.7% in June; a drop of 0.8% in the import index in August, after a decline of 3.8% in July; and a no change in the number of employee posts in the business sector in June, after a 0.5% decline in May.
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Wednesday, August 28, 2019

The Melnick State of the Economy Index Rose by 0.1 Percent in July


Business sector growth continues at a moderate rate
Private consumption is the main contributor to the continued growth of the business sector
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The Melnick State of the Israeli Economy Index rose by 0.1 percent in July 2019. The business sector growth continues at a moderate rate. The revenue in commerce and services, which reflects domestic demand and especially private consumption, reveals improvement, and private consumption appears to be the main contributor to the continued growth of the business sector. The industrial production index, which reflects the supply side of the business sector, returned to manifest difficulties. It may be affected by the slowdown in Europe and the decline in world trade. The import index, which reflects mainly imports of inputs for domestic production, displays volatility that probably reflects uncertainty in the markets. The number of employee posts in the business sector reflects ongoing strength in the labor market.

The July Melnick Index components include: a 0.7% decline in the industrial production index in June, after a 1.0% decline in May; an increase of 0.8% in revenue of commerce and services in June, after a 0.1% increase in May; a decrease of 3.5% the imports index in July, following an increase of 3.3% in June; and a 0.5% decline in the number of employee posts in the business sector in May, following a 0.8% rise in April.
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