CBS: Israel's first quarter growth revised down to 4.6%

The Central Bureau of Statistics revised last week its GDP growth figure downward for Q1/11 to an annualized 4.6% from 4.8%
 
GDP rose by annualized 7.7% in the fourth quarter of 2010 and 4.7% in the third quarter. First quarter GDP growth was driven by public and private consumption, exports of goods and services, investment in fixed assets, and imports of goods and services.
 
Business product rose by an annualized 5.2% in the first quarter, down from 8.7% in the preceding quarter; private consumption rose by 9%, up from 7%; investment in fixed assets rose by an annualized 26.1%, up from 19.6%;
 
Public consumption rose by an annualized 2.9%; exports of goods and services rose by an annualized 12%, up from 10.5% in the preceding quarter; and imports goods and services rose by 28.9%, up from 17.4%. Per capita private consumption was driven by a 42.8% annualized rise in consumption of durable goods in the first quarter, after a 47.9% rise in the preceding quarter.