Israeli economy grew at 3.3% in Q4, above forecasts
Mobileye falls on mixed Q1 results
Mobileye falls on mixed Q1 results
The Central Bureau of Statistics also revised its overall GDP growth figure for 2015 up to 2.6%, from its initial estimate of 2.3%.
The Israeli economy grew by 3.3% in the fourth quarter of 2015 on an annualized basis, the Central Bureau of Statistics reports, after growing 2.5% in the third quarter, and 0.4% in the second quarter. The fourth quarter figure was stronger than expected with analysts predicting 2.5% growth.
The Central Bureau of Statistics also revised its overall growth figure for 2015 upwards to 2.6%, from its initial estimate of 2.3%. In the second half of 2015, the Israeli economy grew 2.2% after rising 2.9% in the first half of the year and 2.6% in the second half of 2014.
The rise in GDP in the second half of 2015 is reflected in a 5.2% rise in public consumption and a 3% rise in private consumption. Exports of goods and services rose 2.2% and investments in fixed assets were up 0.9%. Imports of goods and services rose 5.2% in the second half of 2015 and per capita spending on durable consumer products rose 3.9%, on an annualized basis, after falling 11.2% in the first half of 2015 and rising 21.6% in the corresponding period of 2014.
Published by Globes [online], Israel business news - www.globes-online.com - on February 16, 2016
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