The Melnick State of the Economy Declined by 0.1 Percent in August

תפריט

28/09/2022

The Melnick State of the Economy Declined by 0.1 Percent in August

There are signs of a decline in the activity and growth of the business sector

It seems that the import of inputs for domestic production has frozen

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The Melnick State of the Israeli Economy Index declined by 0.1 percent in August 2022. There are signs of a decline of economic activity and growth in the business sector activity; The revenue in commerce and services, which reflects domestic demand and especially private consumption, rose mildly, and reflects stability of private consumption. The industrial production index, which reflects the supply side of the business sector, was corrected downward, reflecting difficulties in the sector. The import index, which is mainly made up of inputs for domestic production, has dropped two consecutive months and seems the import of inputs has frozen. Regarding the number of employees posts in the business sector, there was a slight drop after a period of continuous increase.

The components of the August index include: a 2.8% decrease in the industrial production index in July, after a 0.7% increase in June; a 0.5% increase in revenue commerce and services in July after a 1.3% decline in June; a 0.9% decrease in the import index in August, after a 3.5% decrease in July and a 0.1% decrease in the number of employee posts in the business sector in June, after a 0.1% increase in May.