Wednesday, March 25, 2015
The Melnick State of the Economy Index Rose by 0.2 Percent in February
Moderate
rate of growth of the business sector
Growth is led
by private consumption
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The Melnick State of the Economy Index increased by 0.2 percent in February 2015.
The rise in the index reflects continued economic growth at a moderate rate. The
revenue in commerce and services, which reflects domestic demand and especially
private consumption, decreased last month but, its level is high indicating
high domestic demand that is leading the growth of the economy. The industrial
production index continues to be affected by the weakness of activity in the
world, and especially in Europe that prevents the growth of industrial production
in accordance with its potential. In the
imports Index, which consists mainly of imported inputs for domestic
production, as well as consumer goods, there were sharp drops
in the last two months. And the number
of employee posts in the business sector is increasing, reflecting the growth
of the economy and the growing demand for workers.
The February index components include: a
decrease of 1.2% in the index of industrial production in January, following an
increase of 0.8% in December; A decrease of 0.3% revenue in commerce and services
in January, following an increase of 1.9% in December; A decrease of 5.6% in
the imports index in February, after falling 8.6% in January, and an increase
of 0.2% in the number of employee posts in the business sector in December,
after rising 0.4% in November.
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Click table to enlarge
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