November 2011: The Composite State-of-the-Economy Index for increases 0.2%

The Bank of Israel's composite state-of-the-economy index for November 2011 increased by 0.2% from its October level.
 
The index data in the past two months indicates continued expansion of economic activity, albeit at a more moderate pace than in the third quarter of this year. The increase in the index this month reflects increases in the manufacturing production index and in the goods exports and services exports indices, which were offset by declines in the index of imports of production inputs and the trade and services revenue index.
 
The main components of the index moved as follows: The index of manufacturing production increased by 2.5% in October, after an increase of 0.8% in September. The trade and services revenue index declined 0.1% in October, after an increase of 1.5% in September. The services (excluding transport) exports index increased in November (Bank of Israel estimate) by 2.6%, after a decline of 16.1% in October. The index of imports of production inputs declined in November by 2.7 %, following its 1.9% decline in October.
 
The goods exports index increased by 0.5% in November, following a 1% decline in October, and declines in the three months preceding October. The index of consumer goods imports increased by 1.6% in November, following its decline of 7% in October.