CBS: Exports in December-February 2007 rose by annualized 6.7%

The data also indicate that the economy is still growing faster than expected, including fairly rapid increase in private consumption
01.04.07 / 00:00
CBS: Exports in December-February 2007 rose by annualized 6.7%
01.04.07
CBS: Exports in December-February 2007 rose by annualized 6.7%
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The data also indicate that the economy is still growing faster than expected, including fairly rapid increase in private consumption
 
The Central Bureau of Statistics (CBS) reported last week that exports (excluding diamonds, ships and planes) was up by an annualized 6.7% in December 2006-February 2007.
 
The CBS's analysis shows that: Exports of manufactured goods were up by an annualized 5%; high-tech exports rose by 8%. Imports of investment goods were up by an annualized 38%.
 
The data also indicate that the economy is still growing faster than expected, including fairly rapid increase in private consumption.
 
Despite promising figures the CBS noted that  there are signs that industrial output is slowing, which rose by an annualized 1% in November-January (the latest known figures), after rising by 5% in August-September.

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