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The Bank of Israel's Composite State of the Economy Index for June increased by 0.1 percent. The rate of increase in the Index this month indicates continued slow growth in economic activity. The increase in the Index this month reflects increases in the imports of consumer products and of raw materials, an increase in services revenue, and a slight increase in industrial production. In contrast, goods and services exports and the Trade Revenue Index declined (Table 1). It should be noted that Index data for recent months were revised slightly upward due to upward revisions in the Imports of Manufacturing Inputs component of the Index. Table 2 presents the changes in components of the Index in the past few months.
Revision |
Previous data |
New data |
June |
0.13 | |
May |
0.11 |
0.13 |
April |
0.13 |
0.18 |
Table 2: Changes in the Index components in recent months
June |
May |
April |
March | |
Industrial Production Index (excluding mining and quarrying) |
0.3 |
-1.1 |
-1.6 | |
Services Revenue Index (excluding finance, education, and public administration) |
2 |
3.1 |
-3.8 | |
Trade Revenue Index |
-1.3 |
3.1 |
-1.5 | |
Imports of consumer products |
4.3 |
-1.6 |
4.1 |
-0.3 |
Imports of manufacturing inputs (excluding fuels)3 |
3.3 |
-0.2 |
2.5 |
-2.5 |
Exports of goods (excluding agriculture) 3 |
-3.5 |
-5.8 |
7.8 |
-12.8 |
Exports of services (excluding transportation) 3 |
-14.4 |
-0.4 |
1.6 |
-0.3 |
Number of employee posts in the private sector |
0.6 |
-0.6 |
-0.1 | |
Rate of vacant employee positions out of total number of employed people in the business sector1 |
2.7 |
2.8 |
2.8 |
2.9 |
Building starts2 |
-3.8 |
2.7 |
1 The rate of job vacancies at its actual level, seasonally adjusted and divided.
2 Six-month moving average.
3 Foreign trade indices are quantitative.
For additional data and explanations please click here.
http://www.boi.org.il/en/Research/Pages/ind.aspx