The Central Bureau of Statistics (CBS) reported last week that the Israeli economy grew in the second quarter of 2013 at an exceptional annual rate of 5.1%.
This growth rate compared to growth of 2.7% in first quarter, and 3.1% in the final quarter of 2012.
The Central Bureau of Statistics noted that the sharp rise in GDP for the second quarter primarily reflect the sharp rise of 6.7% in the annual rate, which was recorded in private consumption and the large rise of 8.3% in public expenditures, reflecting the costs of government.
Exports of goods and services grew during the first three months of 2013 at an annual rate of 1.2%, whereas investments in fixed assets during the six months period decreased at an annual rate of 6.3%.
