| 21.6.2007 |
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| The Composite State-of-the-Economy Index for May 2007 |
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| The composite state-of-the-economy index went up by 0.7 percent in May 2007,[1] indicating the continued rise in economic activity.[2] The current rise in the index was reflected in a rise in all the components of the index and particularly the indices of goods and services exports, which corrected the fall in these indices in April. It should be stressed that the indices of previous months have been revised upward as a result of changes in internal categorization and definitions of data on imports of goods by the Central Bureau of Statistics that took effect in January of this year. |
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| Updated rates of change in composite index (in percent)
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Previous figure |
Current figure |
| February |
0.3 |
0.4 |
| March |
0.1 |
0.3 |
| April |
0.1 |
0.1 |
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| [1] |
In calculating the composite index, changes in its components (seasonally adjusted)—in both the current month and previous months with a lag—are taken into consideration. |
| [2] |
The rise in the index reflects a decline of 0.1 percent relative to the long-term trend growth, which reflects the development of the components of the index over three-and-a-half years. |
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