The Melnick Index of economic activity fell by 0.6% in March.
The Melnick Index of economic activity fell by 0.6% in March 2009, indicating a further contraction in economic activity.
The Melnick Index was developed by Prof. Rafi Melnick of the Arison School of Business at the Interdisciplinary Center, Herzliya. The index tracks business activity. It tracks basic macroeconomic data published by the Central Bureau of Statistics.
Published by Globes [online], Israel business news - www.globes-online.com - on April 26, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009