Thursday, May 20, 2010

The Melnick State of the Economy Index Increased by 0.4% in April 2010

Expansion of the business sector continues.
Labor market recovery continues.

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The Melnik State of The Economy Index increased by 0.4 percent in April 2010. Expansion of the business sector continues. The various components of the index continue to show a positive developememnt. Labor market recovery continues, noticeable by the continuous increase in the number of jobs in the business sector- reflecting a recovery in demand for workers in the economy.

The components of the May Index include: an increase of 0.2% in the Industrial Production Index in March, after an increase of 0.7% in February; an increase of 1.8% in the Index of Revenue in Commerce and Services in March, after a decrease of 1.3% in February; a decrease of 2.2% in the Imports Index in April, after an increase of 4.8% in March, and an increase of 0.5% in the number of employee posts in the business sector in February, after an increase of 0.9% in January.

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