Recent Economic Developments, 92

01/11/2000
All Press Releases In Subject:
The Economy and Economic Activity

Recent Economic Developments, 92

Overview:

Indicators of economic activity show that from April to September 2000 (the period reviewed) economic growth which had started in 1999:II continued, albeit more slowly. With the expansion in activity, there was a significant rise in the number of persons employed, and an improvement in the current account. In the first half of 2000 GDP rose at an annual rate of 5.6 percent from its level in the equivalent period in 1999, and according to initial estimates the growth rate for the whole year is expected to reach 5.8 percent, with even faster growth in the business sector. At the beginning of the period reviewed the rise in activity was based mainly on hightech industries responding to the increase in demand abroad and on expansion in the trade and services industries. The Bank of Israel’s quarterly Survey of Companies indicates that towards the end of the period (in 2000:III) activity continued expanding, with a slowdown in exports and an increase in domestic sales. The rise in prices in the period reviewed was not uniform, and came to an annual rate of 1.5 percent, the result of a rise in 2000:II and a fall in 2000:III.

Link to File