Font Size: A A A
Go to:
×
Voyage Search
General Shipping Search
Please select a port in Israel
Please select a port overseas
Exports from Israel
Imports to Israel
Tools & Calculators
Currencies
Update date: 22.11.2019
Currency Rate % Change
USD 3.455 -0.461
EUR 3.8292 -0.24
GBP 4.4759 -0.062
100 JPY 3.1816 -0.587
Currency calculator
Calculators
length area vol. weight
cm
m
km
inch
foot
yard
mile
Clear
square cm
square m
square km
square inch
square yard
square mile
Clear
cc
litre
cubic m
cubic inch
cubic yard
gallon
Clear
kg
short ton
long ton
lb
oz
Clear
Volume Weight Calculator
Ports' Workplan

Moderate growth continued in economy during past two quarters

Israel's business sector activity was moderate at the end of 2012 and strengthened a bit in the beginning of 2013
17.06.13 / 00:00
Moderate growth continued in economy during past two quarters
17.06.13
Moderate growth continued in economy during past two quarters

The Bank of Israel reported that Israeli economy continued growing at a moderate rate (2.7%) during the past two quarters (October 2012–March 2013), against the background of the prolonged slowdown in global economic growth, and particularly the economic crisis in the European Union.

Business sector activity was moderate at the end of 2012 and strengthened a bit in the beginning of 2013. Industrial production, as well as domestic sales in the trade and services industries declined toward the end of 2012, but began to recover at the beginning of 2013.

The Current Account of the Balance of Payments returned to a surplus at the end of 2012 and the beginning of 2013.

Goods and services exports (excluding diamonds and startup companies) increased in the first quarter of 2013, after a sharp decline in the second half of 2012, while at the same time, the decline in goods and services imports which had occurred in 2012 halted.

The moderation of exports and domestic demand during 2012 was reflected in the labor market by a slowdown in the growth of the number of employed people beginning in the middle of 2012. The opening topic of the review of recent economic developments examines this slowdown from a sector-specific perspective-while the increase in number of employee posts (pay slips) continued in public services (public administration, education, health, etc.), the increase in employee posts in business sector industries (all industries, excluding public services) stopped beginning in April 2012.

The virtual standstill in business sector industries followed the halt in the increase in the number of employee posts in companies at the end of 2011. The continued growth in employee posts in business sector industries in the beginning of 2012 was attributed to small companies (the households sector in Central Bureau of Statistics publications).

In the beginning of 2013 a trend of decline in employment in business sector industries, led by a decrease in employment by companies, is observed.

×