The Composite State-of-the-Economy Index for August 2012 increases

The Bank of Israel's (BoI) Composite State-of-the-Economy Index for August 2012 increased by 0.1% from its July level.
01.10.12 / 00:00
The Composite State-of-the-Economy Index for August 2012 increases
01.10.12
The Composite State-of-the-Economy Index for August 2012 increases
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The Bank of Israel's (BoI) Composite State-of-the-Economy Index for August 2012 increased by 0.1% from its July level.
 
The data incorporated in the index this month indicate the continued expansion of economic activity at a moderate rate. The increase in the index this month reflects increases in services exports, in manufacturing production, and in the trade and services revenue index, which were offset by a decline in indices of goods exports, consumer goods imports, and imports of production inputs.
 
The main components of the index changed as follows: The index of manufacturing production increased by 2.7% in July, following its decline of 1.6% in June. The trade and services revenue index rose by 3.7% in July, after a 3% decline in June.
 
The services exports index (excluding transport) rose in August (Bank of Israel estimate) by 1.8%, after a decrease of 3.6% in July. The index of imports of production inputs declined in August by 1%, following a increase of 3.3% in July.
 
The goods exports (real) index declined by 6.6% in August, following its sharp increase of 15.3% in July.
 
The (real) index of consumer goods imports declined by 3.7% in August, after an increase of 0.4% in July.

 

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