Bank of Israel : State of the Economy index up 0.1% in July

The Bank of Israel announced last week that the State of the Economy index rose 0.1% in July, after remaining unchanged in June.
 
The Bank of Israel said in its monthly statement that developments in the State of the Economy index reflect continuing economic growth. Overall economic activity rose by 1.5% in the first half of the year, compared with the first half of 2004.
 
The 0.1% rise in the State of the Economy index in July followed a cumulative 0.5% drop in February-June, after remaining unchanged in December 2004-January 2005.
 
The bank noted also that 92,000 business sector jobs were created since January 2004, an increase of 5.6%. 5,000 business sector jobs were added in May, to reach 1.73 million.