Q3 sees rise in exports, tourist stays - Israel Business, Ynetnews

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Export of goods up 12.5% in July-September Photo: Jupiter
Export of goods up 12.5% in July-September Photo: Jupiter

Q3 sees rise in exports, tourist stays

Third quarter of 2012 records rise in most of Israel's economic indicators, including manufacturing production, credit card spending

Gad Lior
Published: 11.18.12, 04:27 / Israel Business

The third quarter of 2012 recorded a rise in most of Israel's economic indicators: The Manufacturing Production Index, the export of goods, the Local Sales Index for all industries, the import of raw materials, the number of tourists' overnight hotel stays, the retail trade index, the Supermarket Sales Index and credit card spending.


The import of investment goods, on the other hand, recorded a decline.


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According to figures released by the Central Bureau of Statistics, July through September saw a 12.8% rise in the export of goods according to an annual calculation, following an 11.1% increase in April through June.


Industrial exports went up 9.9%, following a 9.2% in the previous quarter. Service exports fell 2.5%, and business service exports dropped by 2% following a 0.2% rise in the second quarter.


Tourists' overnight stays in Israeli hotels recorded a 9.2% increase, compared to a 2% drop in the three previous months. Israelis' hotel stays remained unchanged after a 4% increase in the previous quarter.


The local market demands indicator went up by 6.7% in July-August, following a 7.2% rise in the two previous months.


The Supermarket Sales Index, which constitutes one-third of retail trade sales, increased by 5.1% after a 6.5% rise in the three previous months. The Food Chain Sales Index dropped 2.1%.


Private consumers' credit card spending increased by 0.3% following a 4.3% rise in the three previous months. The number of available jobs totaled 63,900 a month, following an average of 67,700 available jobs in the three previous months.


The Consumer Confidence Index reached 38% in September (34% in August). The Sales Index for all industries rose 12.5% in July-August, following an 11.2% increase in May-June.


The Manufacturing Production Index went up 15.2%.


The import of goods rose 4%, following a 3.4% rise in the previous quarter. The import of raw materials increased by 10.8% (17.4%), the import of consumer goods increased by 5.7% (2.2%), and the import of investment goods dropped 11.7% after an 8% decline – according to a quarterly calculation – in the past three months.



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