Bank of Israel: Composite State-of-the-Economy Index for July 2010 rises by 0.2%

The trade and services revenue index declined by 2.1% in June, following its 0.7% drop in May
 
The Bank of Israel's composite state-of-the-economy index rose by 0.2% in July 2010. The rise, following those in previous months, shows that the increase in economic activity is continuing.
 
The rise this month was due to rises in the indices of goods imports and exports, moderated by reductions in the services exports, manufacturing production, and trade and services revenue indices. The composite indices for April-June were revised upwards due to revisions in the goods and services exports data for June and in manufacturing production in April.
 
The main components of the index moved as follows: the index of manufacturing production declined by 0.9% in June, following its 0.1% rise in May.
 
The trade and services revenue index declined by 2.1% in June, following its 0.7% drop in May. The services exports index fell in July by 4.3%, after rising by 5.3% in June. The goods exports index rose by 4.6% in July, following its 8.3% surge in June. The index of consumer goods imports rose by 4.0% in July, following its decline of 0.8% in June. The index of imports of production inputs increased in July by 1.8%, further to its 0.7% rise in June.
 
 Updated rates of change in composite index (in percent(
             Previous figure  Revised figure
April      0.0            0.2
May      0.0            0.3
June     0.1            0.5