There appears to be a slight improvement in economic growth
An improvement is seen in industrial production
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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