The Melnick State of the Economy Index increased by 0.2% in November 2010

The economic activity is expanding again.

Apperantly, the sharp decline in industrial production was specific and not a change in the trend

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The Melnick State of the Economy Index increased by 0.2% in November 2010. The economic activity returns to expansion. Apparently, the downturn that was evident in the recent months discontinues and the economy returns to growth. Perhaps the sharp decline in industrial production that was registered in August and September was a specific phenomenon and not a negative turn in the trend of expansion of the industry. Expansion of revenues in commerce and services reflects on the expansion of domestic demand, particularly of private consumption, which is leading the expansion in economic activity.

The components of the Octber Index include: an increase of 5.4% in the Industrial Production Index in October, after a decrease of 3.2% in September; an increase of 1.4% in the Index of Revenue in Commerce and Services in October, after a decrease of 0.4% in September; a decrease of 2.6% in the Imports Index in November, after an increase of 6.8% in October, and a decrease of 0.5% in the number of employee posts in the business sector in September, after an increase of 0.4% in August.

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