Business sector debt remained virtually unchanged in July, at around NIS 812 billion. Household debt increased by about NIS 5.4 billion (1.2 percent) to around NIS 451 billion at the end of the month.
The business sector’s outstanding debt
· In July, business sector debt remained virtually unchanged at around NIS 812 billion, despite debt repayments totaling about NIS 2 billion in tradable and nontradable bonds in Israel and credit from abroad. These repayments were offset as a result of the net raising of debt through bank and nonbank loans and by the effect of the shekel’s depreciation against the dollar on 0.4 percent, which increased the shekel value of debt indexed to and denominated in foreign currency.
· In August, the business sector (excluding banks and insurance companies) issued about NIS 1.9 billion in bonds, mostly in tradable bonds. This is lower than the average issuance of the first seven months of the year (NIS 2.4 billion).
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