The composite state of the economy index, compiled by the Bank of Israel, rose 0.2% in February.
In addition to February's gain, the index figures for the previous three months were revised upward.
According to the Bank of Israel, February's rise, following the gains in previous months, points to continued economic recovery.
February's gain came from rises in the indices of manufacturing production (up 2.7% in January), imports, trade and services revenue (up 3.5% in January), and services exports (up 5.7% in February, after rising 2.1% in January). The rise was partially offset by a decline in the index of good exports, which fell 3.7% in February, after rising 3.6% in January.
November's index was revised to 0.5%, from 0.3%. December's figure rose to 0.6% from 0.3%, and January's reading rose to 0.3% from 0.2%.
Published by Globes [online], Israel business news - www.globes-online.com - on March 23, 2010
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