Central Bureau of Statistics publishes initial report on Israeli standard of living for 2007. Israeli market expected to add 5.2%, private consumption grows 4.2%
The Israeli standard
of living is on the rise, the Central Bureau of Statistics said Tuesday.
According to early figures published by the CBS, the Israeli market will add 5.2% in 2007. The Israeli market has been demonstrating steady growth in the last two years, adding 5.2% in 2006 and 5.3% in 2005.
Last Year
Israeli lifestyle on the rise / Ynet
Central Bureau of Statistics report for 2006 shows slow but steady rise in Israeli standard of living, indicating average household expenses rise 0.8%
Private consumption is expected to show a 4.2% growth in 2007. Private consumption rose by 2.7% in 2006 and 2.2% in 2005.
Private expenses seem to be on the rise as well, adding about 6% in 2007, as are car purchases (28.5%) and household appliances purchases (15.9%).
Public expenditures are expected to show a 2% rise, as did its 2005 and 2006 counterparts, which came in at 2.3% and 2.9% respectively.
Public consumption estimates show a 2% rise in 2007, after defense expenditures went down some 1.8%, mirroring the drop in defense imports.
The commodities and services surplus is expected to come in at $1.5 billion – 2006's commodities surplus came in at $3.6 billion.
The gross industrial product shows a 6% growth in 2007 – a slight dip from 2005 and 2006's 6.5%; but the service industry is showing a 7% growth, the manufacturing industries have grown some 9% and the construction industry added 2%.
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