The Melnick State of the Economy Index Increased by 1 percent in February 2010

The business sector is rapidly expanding
The expansion of domestic demand and private consumption is prominent

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The Melnick State of the Economy Index Increased by 1 percent in February 2010. The business sector is rapidly expanding. A sharp increase was registered in the index of the Industrial Production and the Revenue in Commerce and Services. All of the index’s indicators have risen considerably, signaling an acceleration in economic activity. The sharp increase of the Revenue in Commerce and Services Index is prominent, and implies an expansion of the domestic demand - mainly the private consumption. The rise of the import index is mainly due to a rise in the import of inputs for domestic production. At this stage, only the slow global recovery is stopping Israel’s economy from growing at an even higher rate.


The components of February Index include: an increase of 3.1% in the Industrial Production Index in January, after an increase of 0.5% in December; an increase of 3.5% Revenue in Commerce and Services in January, after an increase of 1.7% in December; an increase of 1.9% in the Imports Index in February, after an increase of 3.7% in January, and no change in the number of employee posts in the business sector in December, after an increase of 0.6% in November.

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