BoI: The Composite State-of-the-Economy Index for June increased by 0.2%

The index data points to the continued expansion of economic activity, albeit at a more moderate pace in the second quarter of this year, compared with previous quarters
 
In a press release the Bank of Israel (BoI) noted that over the first half of this year, the index has risen by 2.7% compared with the second half of 2010. The index data points to the continued expansion of economic activity, albeit at a more moderate pace in the second quarter of this year, compared with previous quarters.
 
The increase in the index this month reflects an increase in the manufacturing production index and the trade and services revenue index. Declines were registered this month in the goods imports index and the services exports index.
 
The main components of the index moved as follows:
The index of manufacturing production increased by 2.4% in May, after dropping 1.9% in April.
The trade and services revenue index increased 1.8% in May, after a drop of 0.6% in April.
The services exports index fell in June by 1.7%, following a gain of 8.8% in May.
The index of imports of production inputs fell in June by 4.2%, following its 7.2% increase in May.
The goods exports index increased by a slight 0.1% in June, following its 2.3% decline in May.
The index of consumer goods imports decreased by 6.8% in June, following an increase of 7.7% in May.