Bethel Finance:The Composite State-of-the-Economy Index for October increases by 0.1%

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Bethel Finance news:

The index data in recent months indicates that the expansion of economic activity has continued, albeit at a more moderate pace than in the first half of this year

The Bank of Israel's composite state-of-the-economy index for October 2011 increased by 0.1% from its September level.

The index data in recent months indicates that the expansion of economic activity has continued, albeit at a more moderate pace than in the first half of this year. The increase in the index this month reflects increases in the manufacturing production index and the trade and services revenue index, which were offset by declines in the services exports and goods imports indices.

The main components of the index moved as follows: The index of manufacturing production increased by 1.1% in September, after declining 0.5% in August. The trade and services revenue index increased 1.4% in September, after a decline of 2.5% in August.

The services exports index declined in October by 9%, after an increase of 13.6% in September. The index of imports of production inputs declined in October by 1.3%, following its 1.3% decline in September.

The goods exports index increased by 0.2% in October, following a 2.2% increase in September. The index of consumer goods imports fell by 4.9% in October, following its decline of 1.3% in September.