Monday, October 31, 2016

The Melnick State of the Economy Index increased by 0.2 Percent in September

There appears to be a slight improvement in economic growth
An improvement is seen in industrial production
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The Melnick State of the Israeli Economy Index increased by 0.2 percent in September 2016. Business sector growth continues at a moderate pace and it seems there is a slight improvement in the growth rate. An improvement is measured in the industrial production index, which reflects the supply side of the business sector. Apparently the industry continues to be constrained by the global economic situation which has not shown improvement in recent months. The revenue in commerce and services, reflecting mainly domestic demand and private consumption, stabilized at a high level and continues to highlight the contribution of consumption to economic growth. The imports index, which consists mainly of imports of inputs for domestic production but also consumer goods, continues to oscillate around a given level, with no clear upward or downward trend. The increase in the number of employee posts in the business sector is consistent with the improvement in the economy.


The September Index components include: an increase of 3.8% in the index of industrial production in August, after falling by 2.1% in July; an increase of 0.1% in revenue in commerce and services in August, after falling 1.4% in July; an increase of 2.3% in the Imports Index in September, after falling 2.6% in August, and an increase of 0.5% in the number of employee posts in the business sector in July, after rising 0.3% in June.
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