Industrial output rose 6.5% in the first half compared with the first half of 2006, and high-tech output rose 12.4%.
The Central Bureau of Statistics today published industrial output data for the first half of the year, which show both strong growth and worrying signs of a slowdown during the second quarter.
Industrial output rose 6.5% in the first half compared with the first half of 2006, including 12.4% growth by high-tech industries, including pharmaceuticals. Industrial job growth was 4.2%.
However, trend figures for the second quarter indicate that industrial output was unchanged, compared with the first quarter and high-tech output fell 3%. The number of industrial jobs rose by 2.6%, while work hours rose by an annualized 0.7%. The number of high-tech workers rose by an annualized 4%.
Published by Globes [online], Israel business news - www.globes.co.il - on August 21, 2007
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