Wednesday, December 26, 2018

The Melnick State of the Economy Index increased by 0.2 Percent in November

The growth in the business sector continues
The rise in imports of inputs reflects the possibility of continued growth in the business sector
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The Melnick State of the Israeli Economy Index increased by 0.2 percent in November 2018. Business sector growth continues. The volatility of revenue in the commerce and service industries continues. The volatility in this revenue, which reflects domestic demand and mainly private consumption, reflects stability of domestic demand. The index of industrial production, which reflects the supply side of the business sector, rose slightly in the last month after a strong decline recorded in prior month. Overall, the level of industrial production is similar to last year's level, meaning that there was no growth at all; this development indicates that manufacturing has not overcome the difficulties facing the industry. The import index, which mainly reflects imports of inputs for domestic production, rose sharply and apparently reflects the possibility of continued growth in the business sector. The number of employee posts in the business sector reflects resilience in the labor market.
The November Melnick Index components include: an increase of 0.4% in the industrial production index in October, following a decrease of 3.5% in September; an increase of 2.3% in the revenue in commerce and services in October, following a decrease of 1.8% in September; an increase of 4.4% in the import index in November, after no change in October, and a decrease of 0.6% in the number of employee posts in the business sector in September, following a decrease of 0.1% in August.

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Wednesday, November 28, 2018

The Melnick State of the Economy Index increased by 0.1 Percent in October

A slowdown is evident in the activity of the business sector
A slowdown in demand is evident

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The Melnick State of the Israeli Economy Index increased by 0.1 percent in October 2018. The growth of the business sector continues, but there is a slowdown in activity. The revenue in commerce and services, which reflects domestic demand and especially private consumption, indicates stability with fluctuations, without an upward trend, reflecting a slowdown in the demand side of the economy. The index of industrial production, which reflects the supply side of the business sector, fell sharply in the last month, erasing the previous month's gain, reflecting the fact that manufacturing has not overcome the difficulties facing the industry. The index of imports, which mainly reflects imports of domestic production inputs, fell after a series of increases in recent months. And, the number of employee posts in the business sector rose sharply, reflecting the strength of the labor market.

The October Melnick Index components include: a decrease of 3.2% in the industrial production Index in September, following an increase of 3.2% in August; a decrease of 2.5% in revenue in commerce and services in September, following an increase of 0.6% in August; a decrease of 0.5% in the Imports Index in October, after an increase of 0.9% in September; and a 1.0% increase in the number of employee posts in the business sector in August, after rising by 0.1% in July.
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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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