The Melnick Index: The Melnick Index State of the Economy did not change in March

Tuesday, May 5, 2020

The Melnick Index State of the Economy did not change in March

The March Index reflects partial effects of the Corona epidemic

Broader effects will be obtained in the April index

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The Melnick State of the Israeli Economy Index did not change in March 2020. The March Index reflects only the partial economic effects of the Corona epidemic. Broader effects will be obtained in the April index and full effects will be obtained in May.

The March Melnick Index components include: a 1.7% rise in the industrial production index in February, after a 3.7% rise in January; a decrease of 1.2% in the revenue of commerce and services in February, after a decrease of 1.2% in January; a drop of 1.0% in the import index in March, after a 5.6% drop in February and a 0.1% rise in the number of employee posts in the business sector in February, after a 1.2% decline in January.

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About Rafi Melnick

Ph.D. in Economics, University of California, Berkeley, 1979; B.A. in Economics and Statistics and M.A. studies in Economics, The Hebrew University of Jerusalem.

Present - Professor at the School of Economics and at the Lauder School of Government at IDC Herzliya. Former Provost of IDC and member of the Monetary Committee of the Bank of Israel.

In 1998 he joined IDC, served as Dean of the Lauder School of Government. Previously was Deputy Director of Research at the Bank of Israel, lecturer at the H.U. visiting professor at the universities of Boston and Davis. His publications are in the areas of monetary economics, the Israeli economy and Applied Econometrics.

Former member of: the Advisory Committee of the Economic Council at the Prime Minister's Office, the Advisory Committee to the Minister of Finance, the Committee for Social and Economic Change and Chair of the Macroeconomic Forum of the director general of the Treasury.

Was chairman of the investment committee of Migdal insurance company, consultant to Bank Leumi, member of the board of directors of Psagot-Ofek Securities and Investment Ltd., and associate at the Center for Social Policy Studies Research in Israel.