MAI: Industrial exports fell by 3% during July-August

The MAI also noted that exports in July-August to the EU and Asia were unchanged in dollar terms, however, exports to the US fell by 0.5% and exports to the rest of the world fell by 9%
 
Manufacturers Association (MAI) president Mr. Shraga Brosh issued last week a press release indicating that industrial exports, in July-August 2006, excluding diamonds, fell by 3%, during the second Lebanon war, compared with the monthly average growth in the second quarter.
 
A study carried out by the association's economic department shows that:
 
High-tech exports, including communications equipment, computers hardware and pharmaceuticals, fell in July-August by 5%, after rising 18.5% in the second quarter.
 
Mixed high-tech exports fell in July-August by 7%, after rising 6.2% in the second quarter. The drop according to the association was attributed to the fact that many production facilities the mixed high-tech exports are located in the Haifa Bay area, and were therefore shut during most of the Lebanon war
 
Low technology exports fell in July-August by 2%.
 
Mixed low-technology exports were up by 3%, after rising 5.5% in the second quarter.
 
The MAI also noted that exports in July-August to the EU and Asia were unchanged in dollar terms, however, exports to the US fell by 0.5% and exports to the rest of the world fell by 9%.