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The Composite State-of-the-Economy Index for October 2010 Rose by 0.1 Percent
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The Bank of Israel's composite state-of-the-economy index rose by 0.1 percent in October.[1] The October index data, like those for previous months, show that activity is increasing but more moderately than in the first half of the year. The mild upturn in October reflects increases in imports of consumer goods and production inputs, offset by decreases in the indices of goods and services exports, trade and services revenue, and manufacturing production.
The main components of the index moved as follows: the manufacturing production index fell by 3.8 percent in September after decreasing by 6.1 percent in August. The trade and services revenue index slipped by 0.7 percent in September after rising by 0.7 percent in August. The services exports services index fell in October by 3.2 percent after rising by 15.6 percent in August. The goods exports index fell by 0.5 percent in October on the heels of a 1.7 percent decrease in September. The index of consumer goods imports climbed at a steep 15.7 percent pace in October after falling by 1.7 percent in September. The index of imports of production inputs rose in October by 1.8 percent following a 2.5 percent increase in September.
Update Previous rate Adjusted rate
August 0.2 0.1
September 0.0 0.1
[1] In calculating the composite index, changes in its components (seasonally adjusted)—in both the current month and previous months with a lag—are taken into consideration.