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CBS: Israel economy grew 0.8% in first quarter

Private sector gross product fell by 0.4%, private consumption rose 4%, exports of goods and services fell 12.9%
23.05.16 / 15:03
CBS: Israel economy grew 0.8% in first quarter
23.05.16
CBS: Israel economy grew 0.8% in first quarter

The Central Bureau of Statistics (CBS) announced on 16 May that Israel’s economy grew at an annualized rate of 0.8% during Q1/16.  According to the CBS this is in an initial estimate for the first quarter in comparison with the fourth quarter of 2015, seasonally adjusted.

 

This is also a much lower growth rate than the Ministry of Finance forecast for the year as a whole.  The Ministry’s forecast stands at 2.8%.                                                  

 

The CBS states that, at annualized rates, private sector gross product fell by 0.4%, private consumption rose 4%, investment in fixed assets rose 7.5%, exports of goods and services fell 12.9%, and public spending fell 1.7% in Q1/16 in comparison with Q4/15.                                                                                                                

 

 

 

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