Moderate
expansion of activity in the business sector
The revenue
in the commerce and services continues to support economic growth
The Melnick State of the Economy Index increased by 0.2 percent in January 2016.
The rise in the Index, in light of a sharp correction in the index of
industrial production that took place at the end of 2015, reflects moderate
expansion of activity in the business sector. The industrial production index,
which reflects the supply side of the business sector, rose by 7.3 percent in
November and it was maintained in December. The adjustment to the level of
industrial production index also reflects improvement in manufacturing exports.
The revenue in commerce and services, reflecting mainly domestic demand and
private consumption, remained at a high level and illustrates an increase in
private consumption and its impact on economic growth. The imports index, which
consists mainly of imports of inputs for domestic production, but also consumer
goods, declined and continues to develop with strong volatility. The number of
employee posts in the business sector rose, reflecting strength in the labor
market.
The January Index components include: a
decrease of 0.2% in the index of industrial production in December, after
rising 7.3% in November; a decrease of 1.6% in revenue in commerce and services
sectors in December, after rising 1.5% in November; a decrease of 6.3% in the imports
index in January, after rising 5.0% in December, and a 0.5% increase in the
number of employee posts in the business sector in November, after rising 0.3%
in October.
Click table to enlarge
No comments:
Post a Comment