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Recovering (illustration)  
 

 

Report: Market recovering from recession

Central Bureau of Statistics review of 2009's Q-3 market performance suggests Israel recuperating from effects of financial crisis

Ynet
Published: 10.30.09, 15:43 / Israel Business

The Central Bureau of Statistics' (CBS) financial indicators for the period between July and September found that the Israeli market's recovery from the global financial crisis in continuing, a bureau report said Thursday.

 

According to the report, 2009's third quarter was an increase in imports, exports, production and industrial revenue, as well as one in the Consumer Price Index.

 

Q-3 figures suggest an annualized increase in general exports (20.1%), High-Tech exports (26.3%), and traditional exports (60.4%).

 

Imports of raw materials showed a quarterly increase of 6& and a 26.1% annualized rise, and the Industrial Production Index (IPI) rose by 2.6% in Q-3.

 

Retail turnover noted a 4.1% increase, but food sales dropped an annualized 2.4%. Services and commerce turnover noted a 7.6% annualized increase.

 

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