Economy growing even faster

18.04.2011                      14.Nisan, 5771

Wirtschaft:

Economy growing even faster

GDB climbs 7.8% in the fourth quarter of 2010; Bank of Israel's composite state-of-the-economy index for March 2011 increases by 0.5% from February, indicating continued growth in domestic consumption and exports, as well as manufacturing production.

The Israeli economy is continuing to grow strongly. Gross domestic product climbed 7.8% in the fourth quarter of 2010 – on an annual basis – reported the Central Bureau of Statistics yesterday. For the second half of 2010, GDP growth was 5.8%.
Another important indicator, the Bank of Israel's composite state-of-the-economy index for March 2011, increased by 0.5% from February. The increase indicates continued growth in domestic consumption and exports, as well as manufacturing production. March was the second consecutive month in which almost all components of the index rose….