Bethel Finances: State of Economy Index up 0.5% in March

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Bethel Finance news:

Thesite State of the Economy Index rose 0.5% in March 2011, reflecting continuing economic growth, driven by increases in domestic and export demand.

The Bank of Israel also revised the index for January and February upwards by 0.1 percentage point to 0.6% and 0.5%, respectively.

Almost all components of the index continued to rise for the second consecutive month to show increases. The index of manufacturing production rose 2.1% in February, after rising 2.3% increase in January. The trade and services revenue index rose 0.5% in February, after 1.2% rise in January. The services exports index jumped 13.9% in March, after rising 2% in February. The index of imports of production inputs rose 1.2% in March, after rising 4% in February. The goods exports index rose 2.6% in March, after rising 3.6% in February. The index of consumer goods imports rose 4.1% in March, after falling 4.8% in February.