Wednesday, January 28, 2015
The Melnick State of the Economy Index Rose by 0.1 Percent in December
Slow growth
in the business sector
Unusual rise
of the imports index
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The Melnick State of the Economy Index
increased by 0.1 percent in December 2014. Economic growth continues at a moderate pace. The imports index, which consists mainly of imported
inputs for domestic production as well as consumer goods, increased
exceptionally by 13.1 percent, and pulled up the entire index, this may be an
indication of a future production and private consumption rise in the coming
months. Considerable weakness is noted in the development of industrial
production. The revenue in commerce and services, which
reflects domestic demand, especially private consumption, decreased but it is
still at high level. The number of employee posts in the business sector fell,
after rising in the previous month, and its level reflecs stability in the
labor market.
The December index components include: a
decrease of 0.7% in the index of industrial production in November, after
falling by 2.2% in October; A decrease of 0.7% revenue in commerce and services
in November, after falling 0.5% in October; An increase of 13.1% in the imports
index in December, after falling 1.3% in November, and a decrease of 0.2% in
the number of employee posts in the business sector in October, after rising
1.4% in September.
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Click table to enlarge
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