Sunday, December 20, 2009

Melnick State of the Economy Index Increased by 0.8% in November

Considerable expansion in the business sector.
A rise in industrial production reflects the expansion of exports.

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The Melnick State of the Economy index increased by 0.8 percent in November 2009. The last two months show a considerable expansion of the activity in the business sector. The positive turn in the economy that has taken place in the second quarter of 2009 is becoming evident. In October, an impressive increase in the Index of Industrial Production was noted, along with a positive turnaround in all of the index's components. Domestic demand was the main leader of the recovery in Israeli economy. However, along the way- with the improvement of the world economy- the industrial production also joined to provide demands from abroad, thus enabling export growth.

The components of October Index include: an increase of 2.3% in the Industrial Production Index in October, after a decrease of 0.2% in September; an increase of 0.9% Revenue in Commerce and Services in October, after a decrease of 0.8% in September; an increase of 8.5% in the Imports Index in November, after a decrease of 3.3% in October, and an increase of 0.1% in the number of employee posts in the business sector in September, after an increase of 0.3% in August.

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