The index rose due to a rise in industrial output, a rise in trade and services revenue, and in a rise in the services exports index.
The composite state of the economy index compiled by the Bank of Israel rose 0.2% in August. The Bank of Israel said that together with changes in recent months, the index figure points to continued growth in the economy.
The index rose due to a rise in industrial output, a rise in trade and services revenue, and in a rise in the services exports index. The rises were offset by a drop in goods import and export indices.
Data for recent months was also revised. May was revised from a rise of 0.3% to 0.4%, while June was revised downward from 0.5% to 0.3%. July data remained unchanged.
Published by Globes [online], Israel business news - www.globes-online.com - on September 20, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010