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The Bank of Israel's Composite State of the Economy Index for January 2014 increased by 0.3 percent. The rate of increase in the Index rose slightly compared with that of recent months, but it continues to indicate economic growth at a similar rate to that of the recent period. Increases in import and export indices and in industrial production contributed notably to the rise in the Index, while a decline in the trade and services revenue indices moderated the increase in the Index. This month, there were no significant revisions of the Index’s data for previous months (Table 1). Table 2 presents the development of components of the Index in the past few months.
Table 1: Revisions in the Composite Index
Revision |
Previous data |
New data |
January |
0.27 | |
December |
0.21 |
0.20 |
November |
0.23 |
0.20 |
October |
0.24 |
0.24 |
Table 2: Changes in the Index components in recent months
(Monthly percent change, unless otherwise noted)
January |
December |
November |
October | |
Industrial Production Index (excluding mining and quarrying) |
2.32 |
-0.20 |
4.27 | |
Services Revenue Index (excluding finance, education, and public administration) |
-1.30 |
-0.10 |
0.11 | |
Trade Revenue Index |
-0.85 |
0.94 |
0.91 | |
Imports of consumer goods3 |
1.63 |
1.51 |
4.42 |
-8.05 |
Imports of manufacturing inputs (excluding fuels)3 |
4.17 |
-0.05 |
-0.58 |
2.09 |
Goods exports (excluding agriculture) 3 |
7.52 |
-5.28 |
-0.28 |
6.62 |
Services exports (excluding transportation) 3 |
2.33 |
1.74 |
0.05 |
-1.80 |
Number of employee posts in the private sector |
0.23 |
0.21 | ||
Rate of vacant employee posts out of total number of employed people in the business sector1 |
2.62 |
2.62 |
2.62 |
2.64 |
Building starts2 |
2.78 |
-0.95 |
For additional data and explanations please click here.
http://www.boi.org.il/en/Research/Pages/ind.aspx