Israel’s industrial output rose by 4.5% in real terms in January-April 2006, compared with the monthly average in the last quarter of 2005
Manufacturers Association president Shraga Brosh said last week that Israel’s industrial output rose by 4.5% in real terms in January-April 2006, compared with the monthly average in the last quarter of 2005. Exports in January-April 2006 totaled $8.6 billion.
Brosh predicted that in 2006 industrial exports would grow by about 6.5% to US$26.8 billion.
Brosh said that local manufacturers were nevertheless concerned about Israel’s export growth, which was still far below its estimated potential growth rate of 15-20% a year. Export growth at this rate would result in 6-7% GDP growth a year, cut the unemployment rate to 5% within a decade, and boost GDP per capita from the current US$18,000 to US$30,000 within ten years.
