Israel's State of the Economy Index Indicates Continued Recovery
Post Date: 22 Dec 2009 Viewed: 469
Globes reports that The Bank of Israel’s Comprehensive State of the Economy Index rose by 0.6% in November. The positive trend has been indicated for several months, with the Bank of Israel stating that it demonstrates that "the positive turnaround in the economy's operation continues.”
The Index’s figures for both September and October were revised upward, from 0.5% to 0.6%.
The rise in November's index reading was attributed primarily to increased manufacturing output, which rose by 2.35% in October in comparison to September. Trade and services indices also rose, with a 0.9% increase in October, after a 0.85% decline in September.