Israel's Second Quarter Industrial Output Fell by 1.5%
Post Date: 20 Aug 2011 Viewed: 545
After Israel's industrial output increased by 1.2% in Q1 2011, it fell 1.5% in Q2, according to figures published Wednesday by the Central Bureau of Statistics. However, Q2's industrial output was 0.5% higher than in Q2 2010.
Growth in industrial output in sectors other than high-tech dropped from 7.4% in Q1 to 5.4% in Q2. High-tech industrial output growth dropped from 9.1% in Q1 to 7.2% in Q2. Mid-low technology output growth saw a sharper drop-off: from 12.2% in Q1 to 5.3% in the second quarter.
The CBS numbers also showed that Israel exported $2.3 billion worth of services in June 2011, a 4% increase over May. The data does not include start-up companies.