The Comprehensive State of the Economy Index compiled by the Bank of Israel rose 0.6% in November. The rise in the index continues a trend of several months, and the Bank of Israel said the trend shows that "the positive turnaround in the economy's operation continues.
The index figures for both September and October were revised upward, from 0.5% to 0.6%.
The rise in November's index reading was due primarily to a rise in manufacturing output, which rose 2.35 in October compared with September. The trade and services indices also rose, by 0.9% in October, following a fall of 0.85 in September.
Published by Globes [online], Israel business news - www.globes-online.com - on December 20, 2009
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