The average apartment price rose 4.3% last month compared with August.
The Ministry of Finance reports that apartment sales were down 31% in September 2009, compared with August, while the average price rose 4.3%. The figures were included in the ministry's macroeconomic survey, which was generally positive, indicating that economic activity is improving.
The industrial output index rose and the trade and services proceeds index both rose in September, indicating growth in real economy activity. In the labor market, new unemployment claims fell and the unemployment rate dropped to 7.6%.
The Ministry of Finance's figures are in line with the latest data published by the Central Bureau of Statistics.
Published by Globes [online], Israel business news - www.globes-online.com - on October 26, 2009
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