The Melnick State of the Economy Index increased by 0.3 percent in September

The growth in the business sector continues

The increase in the number of employee positions in the business sector reflects robustness in the labor market

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The Melnick State of the Israeli Economy Index increased by 0.3 percent in September 2018. The business sector continues to grow. The revenue in the commerce and services, which reflects domestic demand and especially private consumption, indicates stability with fluctuations without an upward trend, despite the rise in the last month. The industrial production index, which reflects the supply side of the business sector, rose sharply in the past month, but it is too early to say that the manufacturing has overcome the difficulties facing the industry. The import index, which mainly reflects imports of inputs for domestic production, continues to indicate the possibility of future growth in economic activity. And the number of employee posts in the business sector grew again on the background of strength in the labor market.

The September Melnick index components include: an increase of 7.2% in the industrial production Index in August, following an increase of 2.9% in July; an increase of 0.2% in the revenue in commerce and services in August, following an increase of 1.7% in July; a decrease of 0.3% in the imports index in September, after an increase of 1.2% in August, and a rise of 0.3% in the number of employee posts in the business sector in July, following a decrease of 0.6% in June.

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