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
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.
