Industrial output up 1.7% in November - Israel Business, Ynetnews
 
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Production rose at annual rate of 3.8% (illustration) Photo: Shai Rosenzweig
Production rose at annual rate of 3.8% (illustration) Photo: Shai Rosenzweig
 
 

Industrial output up 1.7% in November

Increase, boosted by jump in high-tech output, is first rise in factory output after two months of declines

Reuters
Published: 01.28.13, 07:51 / Israel Business

Israel's industrial production rose by a seasonally adjusted 1.7% in November, boosted by a jump in high-tech output, after a 1.4% decrease in October, the Central Bureau of Statistics said last week.

 

It was the first rise in factory output after two months of declines.

 

Production rose at an annual rate of 3.8% based on trend data between September and November.

 

In 2011, factory output rose 2%, slower than a 7.8% gain in 2010.

 

Industrial output in October was initially reported as a 1.5% decline.

 

The Israeli economy grew an estimated 3.3% in 2012.

 

 

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