Bank of Israel: “There appears to be a turnaround that is reflected in a rise in economic activity”

Both the export demand and domestic demand components of the index rose in July to reach a 16-month high

Trend data by main country groups indicates that imports from USA point to a rise of 11.0% at an annual rate, during May-July 2009

Customs officers uncovered a shipment of 100 Israeli made women T shirts packed in 400 kg shipment and valued at US$7,000

Syrian Customs Authority at Latakia caught and confiscated smuggled merchandise apparently made in Israel while it was on its way to enter the Syrian markets

The company will implement a general rate increase, effective September 1, 2009, for cargo moving in the Israel-U.S. East and Gulf Coast trade

According to Dun & Bradstreet the main sectors likely to be affected in Israel are: entertainment, restaurants, bars, cafיs, and tourism

Electronic component exports were up 136.6% in May-July. Exports totaled $3.6 billion and imports totaled $4.2 billion in July, resulting in a trade deficit of $600 million