The Melnick State of the Economy Index increased by 0.4% in April 2011

The growth of the economy continues.

The raise in industrial production continues, reflecting mainly on demands for exports from abroad.

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The Melnick State of the Economy Index  increased by 0.4% in April 2011. After the rapid growth of the economy in the first quarter of 2011, it seems that the economy continues to grow in the second quarter, albeit at a slower rate than the first quarter. Growth of the Industrial Production Index continues, reflecting on the expansion of the supply of the business sector product – which mainly accomodates industrial exports - the main exports of goods in the economy. In addition, a high level of Revenues in Commerce and Services Iindex is maintained, reflecting on a high level of domestic demand and especially of private consumption. Aditionlly, the number of employee posts in the business sector continues to rise,  reflecting on a continueing improvement in the labor market.

                     

The components of the April Index include: an increase of 0.2% in the Industrial Production Index in March, after an increase of 1.7% in February; No change in the Index of Revenue in Commerce and Services in March, after an increase of 0.6% in February; No change in the Imports Index in April, after an increase of 1.5% in March, and an increase of 0.1% in the number of employee posts in the business sector in February, after a stability in January.

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