The moderate rise in the index is a reflection of higher imports of consumer goods and production. The trade and services revenue index fell 0.7% after rising 0.7% in August
The composite state of the economy index compiled by the Bank of Israel rose by 0.1% in October, pointing to a slower rate of economic growth.
The moderate rise in the index is a reflection of higher imports of consumer goods and production, at the same time as a decrease in indices measuring exports of goods and services, trade and services revenue, and manufacturing production.
Among the indexes that the Bank of Israe takes into account, the trade and services revenue index fell 0.7% in September after rising 0.7% in August, and the consumer goods imports index jumped 15.7% in October after falling 1.7% in September. Imports of production inputs rose 1.8% in October after a rise of 2.5% in September.
The index for September was revised to a gain of 0.1%, from the previous no change, and the August index was revised downward to 0.1%, from the previous 0.2%.