Tuesday, June 21, 2011

The Melnick State of the Economy remained unchanged in May 2011

There are signs of slowing in economic growth.
The level of activity in May was similar to that of April 2011.

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The Melnick State of the economy index remained unchanged in May 2011. The May index shows signs of a slowing down in economic growth. According to the index, activity level of the business sector in May was similar to that of April. The Industrial Production Index, which reflects the supply of the business output , and the Index of Revenue in Commerce and Services which reflects domestic demand and especially private consumption, declined in April after a long period of increases. The index of imports which consists mainly of inputs for domestic production continues to rise. 

The components of the May Index include: a decrease of 1.6% in the Industrial Production Index in April, after no change in May; an increase of 0.6% in the Index of Revenue in Commerce and Services in April, after a decrease of 0.2% in March; an increase of 7.1% in the Imports Index in May, after an increase of 0.8% in May, and an increase of 0.1% in the number of employee posts in the business sector in March, after an increase of 0.1% in February.

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