The increase in the Composite Index in July reflects increases in most components reported for June–July. The only components that declined during that period were goods exports, which declined in both months, and the job vacancy rate, which increased in June and declined in July, but remained above its March–May level.
Table 2 presents the development of components of the Index in the past few months.
Detailed explanations regarding how the Composite Index is calculated, as well as detailed long-term tables, can be found at
https://www.boi.org.il/en/Research/Pages/ind.aspx
Table 1: Revisions in the Composite Index
Revision |
Previous data |
New data |
July 2020 |
|
0.15 |
June 2020 |
0.01 |
-0.04 |
May 2020 |
-1.65 |
-0.92 |
April 2020 |
-1.60 |
-2.54 |
Table 2: Changes in the Index components in recent months♦
(monthly percent change, unless otherwise noted)
|
July 2020 |
June 2020 |
May 2020 |
April 2020 |
Industrial Production Index (excluding mining and quarrying)1 |
|
16.1 |
7.4 |
-10.0 |
Services Revenue Index (excluding education and public administration) 1 |
|
6.6 |
5.5 |
-7.9 |
Retail Trade Revenue Index |
|
5.0 |
25.6 |
-17.0 |
Imports of consumer goods1 |
5.1 |
8.4 |
-0.2 |
-5.5 |
Imports of manufacturing inputs (excluding fuels) |
1.6 |
2.0 |
-9.9 |
6.2 |
Goods exports (excluding agriculture) 2 |
-12.5 |
-2.2 |
13.8 |
2.8 |
Services exports (excluding transportation) 3 |
|
|
6.9 |
-6.5 |
Number of employee posts in the private sector |
|
|
15.3 |
-28.4 |
Job vacancy rate in the business sector4 |
2.1 |
2.2 |
2.0 |
1.3 |
|
|
|
|
|
♦ Since the Central Bureau of Statistics did not calculate seasonally adjusted series for some of the variables, there may be inconsistencies between some of the variables appearing the Composite Index tables and Central Bureau of Statistics publications.
1 Since the Central Bureau of Statistics did not calculate seasonal adjustments for March–June, Industrial Production and revenue data for those months were calculated on the basis of projected seasonality for those months, and the series were not revised retroactively.
2 Goods imports and exports are calculated in fixed prices (adjusted for changes in foreign trade price indices).
3 Services exports are calculated in real terms using the Consumer Price Index, and are comprised of the export of other business services and the export of tourism services. Since the Central Bureau of Statistics did not calculate seasonal adjustments for April–May for data on the export of tourism services, services exports data for April–May are the sum of other business services exports, seasonally adjusted, and tourism services exports using original data.
4 The job vacancy rate is calculated as a share of the total number of employed people and is included in the index at its level. Since the Central Bureau of Statistics did not calculate seasonal adjustments for March–July, the data for those months are not seasonally adjusted.