Wednesday, January 19, 2011

The Melnick State of the Economy Index increased by 0.8% in December 2010


Growth of the economy continues.
Growth is reflected in all sectors of the economy

Click on the graph to enlarge

The Melnick State of the Economy Index increased by 0.8% in December 2010. Economic growth continues. December’s index increase reflects increases in all of the index’s components: an increase of the Industrial Production Index, which reflects on supply side and supports the continuing expansion of exports. Increase of the Index of Revenue in Commerce and Services, reflecting on the expansion of domestic demand, especially private consumption. Increase in the Index of Imports, reflecting a rise in imports of inputs for domestic production, and an increase in the number of employee posts in the business sector reflecting on the continuing improvement in the labor market.

The components of the December Index include: an increase of 0.7% in the Industrial Production Index in November, after a decrease of 4.4% in October; an increase of 0.1% in the Index of Revenue in Commerce and Services in November, after an increase of 1.7% in October; an increase of 5.0% in the Imports Index in December, after a decrease of 2.4% in November, and an increase of 0.6% in the number of employee posts in the business sector in October, after a decrease of 0.6% in September.

Click graph to enlarge

Click table to enlarge

No comments: