Israel's Composite Index up 0.2% for June 2012

The data indicated the continued expansion of economic activity
 
The Bank of Israel's (BoI) Composite State-of-the-Economy Index for June 2012 increased by 0.2% from its May level.
 
The data incorporated in the index this month indicate the continued expansion of economic activity, with stabilization of the growth rate in the second quarter at a level similar to that of the first quarter of 2012.
 
The increase in the index this month reflects an increase in trade and services revenue, and slight increases in the index of manufacturing production, and in services exports.
 
These increases were offset by a significant decline in the index of goods exports, and declines in the index of consumer goods imports and in the index of imports of production inputs.
 
The main components of the index changed as follows: The index of manufacturing production increased slightly, by 0.1%, in May, following its increase of 3.7% in April. The trade and services revenue index increased by 0.8% in May, after a 3.8 % increase in April.
 
The services exports index (excluding transport) increased in June (Bank of Israel estimate) by 0.3%, after declining by 3.4% in May.
 
The index of imports of production inputs declined in June by 3.6%, following an increase of 3.9% in May. The goods exports (real) index declined sharply by 12.3% in June, following its 1.4 % decline in May. The (real) index of consumer goods imports declined by 0.5% in June, further to a decline of 1.2% in May.