Business sector growth
continues
The stability of private
consumption is evident
The
Melnick State of the Israeli Economy Index increased by 0.2 percent
in April 2019. The business sector growth continues. The revenue in commerce
and services, which reflects domestic demand, and especially private
consumption, has maintained a stable level in recent months, reflecting mainly
the stability of private consumption. The index of industrial production, which
reflects the supply side of the business sector, continues to rise, following the
historical data update conducted by the Central Bureau of Statistics. The
imports index, which reflects mainly the import of inputs for domestic
production, continues to rise, and its level indicates the possibility of
continued growth in the business sector. The number of employee posts in the
business sector declined, but it is too early to interpret the decline as a
turning point in the labor market.
The
April Melnick Index components include: an increase of 1.3% in the index of industrial
production in March, following an increase of 0.4% in February; a decrease of
0.3% in the revenue of the commerce and services in March, following an
increase of 0.1% in February; an increase of 0.9% in the imports index in
April, following a decrease of 0.6% in March; and a decrease of 0.1% in the
number of employee posts in the business sector in February, following a
decrease of 0.7% in January.
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