Business sector debt declined in June, by about NIS 8.1 billion (1 percent) to around NIS 813 billion. Household debt increased by about NIS 3.7 billion (0.8 percent) to around NIS 445 billion at the end of the month.
 
The business sector’s outstanding debt
·         In June, business sector debt declined by about NIS 8.1 billion, to around NIS 813 billion. The decline in the debt was a result of the appreciation of the shekel against the dollar by about 2.8 percent, which lowered the shekel value of debt indexed and denominated in foreign currency, and was also a result of net repayment tradable and non-tradable bonds in Israel and of nonbank loans totaling about NIS 2.1 billion. These repayments were slightly offset as a result of net raising of debt through bank loans and credit from abroad.
 
·         In the first half of 2015, business sector debt remained virtually unchanged compared to the end of 2014.  Despite this, there was net raising of debt totaling about NIS 8 billion, most of which was through loans from banks, which was mainly offset as a result of the appreciation of the shekel by 3.1 percent against the dollar.
 
·         In July, the business sector (excluding banks and insurance companies) issued about NIS 1.4 billion in bonds, mostly in tradable bonds.  This is lower than the average issuance of the first six months of the year (NIS 2.5 billion).
 
 

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