Growth in the business sector continues
Revenue in commerce and services points out to stability in
recent months
The
Melnick State of the Israeli Economy Index increased by 0.2 percent
in April 2017. The business sector growth continues. The revenue in commerce and
services, which reflects domestic demand and especially private consumption,
points to a stable level compared to the growth that characterized it in recent
years. It is too early to determine
whether the economy's growth engine in recent years is slowing down. The industrial
production index, which reflects the supply side of the business sector, rose,
although it was still adversely affected by the problems of Western economies. The import index, which includes mainly,
imports of inputs for domestic production, but also consumer goods, rose and
indicates that economic growth continues. The number of employee posts in the
business sector did not change from the previous month, but its level reflects
a strong labor market.
The
April index components include: an increase of 2.5% in the industrial production
index in March, following a decrease of 3.3% in February; An increase of 1.7%
in revenue in commerce and services in March, following a decrease of 1.6% in
February; An increase of 5.1% in the import index in April, following a
decrease of 0.2% in March, and no change in the number of employee posts in the
business sector in February, following a decrease of 0.9% in January.
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