The State-of-the-Economy Index for February increased by 0.2%

Composite Index Feb 2013.docThis press release as a Word file

The Bank of Israel's Composite State-of-the-Economy Index for February increased by 0.2 percent. The increase in the index since the beginning of the year is higher than during the fourth quarter of 2012, but lower than during the same period last year.  The increase in the index this month reflects increases in industrial manufacturing, goods and services exports, and in trade revenue.  In contrast, the consumer products and manufacturing inputs indices declined. There were slight upward revisions to previous months' rates of change in the index, due to changes in the Central Bureau of Statistics classification and sampling in calculating the Industrial Production Index, and due to upward revisions in the goods export indices, among other things (Table 1).  Table 2 presents the changes in components of the Index in the past few months.

 

Table 1: Revisions in the Composite Index

 

Previous data
New data
 
 
 
February
 
0.24
January
0.19
0.26
December
0.07
0.19

 

 

 

Table 2: Changes in the index components in recent months

(monthly percent change, unless otherwise noted)

 

 
February
January
December
November
Industrial Production Index (excluding mining and quarrying)
 
5.7
-7.7
1.8
Services Revenue Index (excluding finance, education, and public administration)
 
0.1
0.6
-0.7
Trade Revenue Index
 
1.6
-0.2
-0.6
Imports of consumer products
-4.3
9.6
0.4
-2.2
Imports of manufacturing inputs (excluding fuels)
-4.8
6.9
-0.5
-2.6
Export of goods (excluding agriculture)
8.1
1.1
-1.0
-1.9

 

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