Wednesday, October 29, 2014
The Melnick State of the Economy Index rose by 0.2 percent in September 2014
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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