Wednesday, October 29, 2014

The Melnick State of the Economy Index rose by 0.2 percent in September 2014


 The slowdown in the business sector continues
Considerable weakness in domestic demand and in particular in private consumption
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The Melnick State of the Economy Index rose by 0.2 percent in September 2014. The development of the index reflects the continued slowdown in the business sector.  The full effects, of the ending of operation “Protective Edge", will be reflected in the October index and in subsequent months.  The moderate level of revenue in trade and services reflects weakness in domestic demand and in particular in private consumption. In addition, the moderate level of the industrial production index reflects weakness in foreign demand echoed in weak exports. The imports index considerable weakness reflects mainly decline in imports of inputs for domestic production and the decrease in the number of employee posts in the business sector reflects weakness in the labor market.
 
The September index components include: An increase of 3.4% in the index of industrial production in August, following a decline of 0.6% in July; An increase of 1.6% in revenue in trade and services in August, following a decline of 3.5% in July; A decrease of 1.6% in the index of imports in September, after rising 1.2% in August, and a decrease of 1.7% in the number of employee posts in the business sector in July, after falling 0.2% in June.
 
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