State of Economy Index shows even slower growth

The Bank of Israel also revised downward the index for April and May to zero for each month, from gains of 0.1%.

The Combined State of the Economy Index rose by 0.1% in June 2010, the Bank of Israel reported today, indicating slow economic growth. The Bank of Israel also revised downward the index for April and May to zero for each month, from gains of 0.1%.

Gains by the Manufacturing Output Index, the Export of Goods Index, and the Import of Production Inputs were offset by falls in the Import of Consumer Goods Index and Sales and Services Proceeds Index.

The Bank of Israel attributed the downward revision in the State of the Economy Index for April and May to updated figures for imports of goods and services in May and raw materials imports in April and May.

The Manufacturing Output Index rose by 0.6% in May, down from its 1.9% rise in April.

Published by Globes [online], Israel business news - www.globes-online.com - on July 19, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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