The Melnick state of the economy index has not changed in July 2010

A slowing in the expansion of business sector is developing.

Apperantly Domestic and global demands are leveling off.

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The Melnik state of the economy Index has not changed in July 2010. The unchanged level of the index reflects slowing in the rate of expansion of the business sector. Prominent is the decline of 2.1 percent in revenue in commerce and services in June, which probably reflects the stabilization of domestic demand, and especially of private consumption. The Index of Industrial Production also registered a decline in June, perhaps reflecting a moderation of demand for exports from overseas. In contrast, the index of imports, reflecting mainly imports of production inputs, and the index of employee posts in the business sector, returned to an increase.

The components of the July Index include: a decrease of 0.9% in the Industrial Production Index in June, after an increase of 0.1% in May; a decrease of 2.1% in the Index of Revenue in Commerce and Services in June, after a decrease of 0.6% in May; an increase of 2.9% in the Imports Index July, after a decrease of 0.1% in June, and an increase of 0.4% in the number of employee posts in the business sector in May, after an increase of 0.4% in April.

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