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Boom in economy by: Nurit Palter, Ynetnews
FILED UNDER SOMETHINGISRAELI >> Business

Israel
Israel

Israelis are buying more, manufacturing more and exporting more according to an analysis of the Israeli economy in the past three months.

According to data published last Wednesday by the Central Bureau of Statistics, March to May 2006 showed a significant increase in exportation of merchandise and the number of tourists in Israeli hotels. Even so, the bad news is that import of investment products has gone down and the unemployment rate has gone up.

The increase in industrial manufacturing and the redemption of branches of the economy continued in the March-May period. Export of merchandise (with the exception of diamonds, ships and planes) rose 1.6 percent based on a monthly calculation, in comparison to the period preceding it (20.3 percent based on a yearly calculation), following its 15.8 percent rise in the three months prior to this period.
 
The number of tourists in these months increased by 3.4 percent by monthly calculations (49.3 percent by yearly calculations), following its 4.1 percent rise in the previous three months (61.4 percent by yearly calculations).

An additional indication of activity in various branches of the economy, import of raw materials (not including diamonds or energy materials), rose 16.4 percent in the March-May period.

The scope of purchasing with credit cards by private buyers grew in the January-May 2006 period by 8.8 percent compared to the same time period in 2005.

Reproduced with permission: Ynet



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